The Trump family raids the crypto world!

Last night, the crypto world staged a grand performance of "magical realism" - the price of Bitcoin suddenly soared, reaching an all-time high of 83,000 USD, with over 100,000 investors across the network being liquidated, creating a bloody scene! And the trigger for all this surprisingly involved an "old acquaintance": Eric Trump, the son of former U.S. President Donald Trump.
Big news in the crypto world: The Trump family re-employment, Hut 8 becomes the "strongest wingman"
On March 31st, Canadian-listed mining company Hut 8 suddenly announced: in collaboration with Eric Trump, they have established a new company, American Bitcoin, aiming to become "the largest Bitcoin mining company in the world." This is not just an ordinary partnership. According to internal sources, the Trump family’s American Data Centers will merge with the new company and hold a 20% stake, while Hut 8 will secure an 80% controlling interest by investing a large number of ASIC miners, making it a "technical equity ceiling." Even more interesting is that after the deal is finalized, American Data Centers will directly change its name to American Bitcoin, transforming into Bitcoin mining without needing to redesign the LOGO, saving on design costs that could likely buy a few more mining machines.
As soon as the news came out, the capital market instantly fried the pot. Hut 8's share price soared 23% intraday, and finally closed up 5.3%, becoming the "most beautiful boy" in the mining industry. And Bitcoin is even more like a chicken blood, rising from $79,000 to directly breaking through the $83,000 mark, making countless bears shout "Trump save me!" ”
However, some are happy while others are sad. According to Coinglass data, over 100,000 investors were liquidated in the past 24 hours, with a liquidation amount reaching 1.2 billion dollars. A netizen lamented: "Thought I could profit by following Trump, but ended up lying in the coffin!"
In-depth revelation: What does Trump's family's "Bitcoin printing machine" look like? Why can the collaboration between a mining company and Trump's son stir up the entire market? The answer lies in three keywords: traffic, resources, ambition.
① King of Traffic: The Trump Family = Hot Search in the Crypto World. Eric Trump has been appointed as the new company's **Chief Strategy Officer**, and his brother Donald Jr. is also involved in the investment, making this lineup a "Trump Family Bucket". It's known that the Trump family naturally brings a topic buff; even a single tweet can make headlines. Now that they have entered the crypto world, it’s like giving Bitcoin free advertising. Netizens joke: "I suggest launching a Trump Coin, it would absolutely outshine Dogecoin!"
② Resource Integration: Mining Machines + Data Centers = Money Printing Assembly Line Hut 8 will act as the exclusive mining machine hosting provider for the new company, while the Trump family's data center will provide infrastructure support. Simply put, this is "You pay for electricity, I provide computing power, and we split the Bitcoin 50/50" (in reality, Hut 8 takes 80%). Analysts predict that the combined company's computing power could rank at the top globally, directly competing with Bitmain!
③ Ambition is overflowing: not only mining, but also hoarding coins! The new company claims to establish a "strategic Bitcoin reserve," aiming to become the "central bank of digital gold." In other words, they not only want to earn money from mining but also hoard coins for appreciation. This move is very similar to Musk buying Bitcoin—only this time the main character's last name is Trump.
Experts warn: Beware of the "Trump concept" turning into a "chives trap"
Despite the market being in a frenzy, calm voices are also emerging:
Volatility risk: The daily surge and plunge of Bitcoin has become the norm, and following the hype may lead to total loss.
Regulatory Risks: The political background of the Trump family may attract the attention of US regulators, making the compliance of mining companies a mystery.
Production Capacity Anxiety: The global mining machine competition is heating up, how long can Hut 8's computing power advantage last?
An anonymous analyst joked: "These days, even Trump is 're-employing' himself in the crypto world. Aren't you hurrying to check your positions?"
There are no eternal myths in the crypto world, only eternal greed.
The entry of the Trump family has undoubtedly injected a dose of adrenaline into the crypto world. But let’s not forget, beneath the $83,000 Bitcoin lies the tears of 100,000 liquidated investors. Perhaps the best commentary on this revelry is the self-deprecating remark by netizens: "One day in the crypto world is like a year in the human world; when Trump makes a move, there's no need to worry about liquidation."