I think that many of these companies and institutions wanted to get into digital assets years ago but they didn’t due to regulations. They didn’t want to deal with non compliance with the democratic admistration and SEC head Gensler which was very anti crypto.
But with Trump in office they know he is pro bitcoin and they got less hurdles to jump thru. Basically they get involved in anything as long as they can turn a profit. So it’s no surprise we are seeing more and more of this.
Do you think this is good on the long run? Also Trump won't always be in the office, few years in the future another election will happen, crypto market could be affected again don't you think? Even as Trump is a big fan of crypto I still don't like it, because he is not doing the right thing.
There are way too many criminals in crypto space today and the damages will be higher than what we have seen in the past, Trump only used his influence to make lots of money but he failed to protect people from scams, I once thought that he will regulate crypto in such a way that scammers don't have advantage over retail investors but once he created two meme coins I knew it's over. I am not happy with what Trump is doing and the side effect will start impacting soon.