#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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On the occasion of Trump's 79th birthday, a remarkable piece of news has sparked discussions in the crypto market - he claims to hold nearly $1.5 million in encryption assets. This influential figure's investment portfolio is indeed surprising, not mainstream Bitcoin, but primarily composed of two meme coins.
In-depth analysis of its investment composition shows that TROG (a meme coin combining frog elements and the image of Trump) accounts for approximately $950,000, making it the main part of its crypto assets. Additionally, he also holds a considerable amount of TRUMP coin named after himself.
This investment choice is both laughable and absurd, resembling an investment experiment in meme culture. It is worth noting that the liquidity of TROG is extremely limited, with a daily trading volume of only $470,000. This means that if Trump decides to sell off in large quantities, the coin price could suffer a catastrophic drop. Previously, he had expressed support for the country hoarding Bitcoin, while personally opting for the riskier meme coin, which is thought-provoking.
Affected by the birthday effect, TROG and TRUMP may see a short-term rise of 20%-30%, as there is indeed public attention. However, market experience tells us that such hotspots are often used by capital parties to attract retail investors, and then may pull back by more than 15% within 48 hours, making it a thrilling game of heartbeats.
More noteworthy is the market turbulence caused by the situation in the Middle East. Recently, Israel's military actions against Iran led to a $16 billion evaporation in the crypto market, with Bitcoin dropping below $103,000, triggering liquidation events amounting to as much as $1 billion. In contrast, Trump's meme coin investment is just a minor episode in the market fluctuations.
The current market is facing a dual impact of geopolitical tensions in the Middle East and the speculation of meme coins. The most concerning question for investors is: Will Bitcoin continue to decline? Will Trump-related coins soar or go to zero? In such market fluctuations, how can one avoid risks and seize potential opportunities?
In the face of volatility, calmly analyzing is more important than panic. Mature investors should master the ability to identify market traps while cultivating the vision to seize opportunities during market downturns. Regardless of how turbulent the market is, maintaining rational thinking and following a systematic investment strategy are essential to remain competitive in the crypto market's bull and bear cycles.