1 Alternative to the Soaring TRUMP Meme Coin
You don't need to invest in the Official Trump (CRYPTO: TRUMP) meme coin if you want exposure to the Trump family's growing crypto empire.
You could, for example, invest in Trump Media & Technology Group (NASDAQ: DJT), which announced plans this summer to transform itself into a Bitcoin (CRYPTO: BTC) treasury company. It now holds 15,000 BTC on its balance sheet. Unfortunately, Trump Media is down 55% for the year and can be safely avoided.
There's a better option out there: American Bitcoin (NASDAQ: ABTC). It is a combination Bitcoin treasury company/Bitcoin mining company that went public via an all-stock merger in September. Eric Trump is cofounder and chief strategy officer of the company, while Donald Trump Jr. is a key investor. All told, the Trump family owns approximately 20% of the company.
Source Fool.com
