Grab some popcorn, because the crypto world is starting to look like a soap opera. Rumors are flying that Trump Media & Technology Group (TMTG)—yes, the company owned by the newly elected U.S. president, Donald Trump—wants to buy the crypto platform Bakkt. And the market is already going wild.
Just to give you a taste of the chaos: as soon as the rumors hit, Bakkt’s shares skyrocketed by 162%. Whoever had those stocks is probably thrilled. Meanwhile, TMTG (Trump’s company) also saw its shares jump nearly 17%. If this isn’t Trump pulling off his “magic,” I don’t know what is.
So, what’s Bakkt? And why does Trump care?
For those who don’t know, Bakkt is a crypto company that’s been around since 2018. It tried everything: crypto custody, services for big-time investors, but never really took off. Think of it like that friend who’s always promising to “make it big,” but you’re still waiting for their breakthrough. Now, with Trump in the picture, maybe they’ll finally have their moment to shine.
The word is that TMTG wants to integrate Bakkt into its operations, which could change the game. Imagine a crypto company under the “Trump empire.” Given that there are already cryptocurrencies like TrumpCoin (CoinMarketCap), it’s intriguing to see how this acquisition might influence the existing landscape.
What does Trump get out of this?
Aside from more headlines (which we all know he loves), Trump has been flirting with the crypto world for a while now. During his campaign, he promised everything: creating a national Bitcoin reserve, nationalizing crypto, and even launching his own project, World Liberty Financial.
So, Bakkt might just be the next step in Trump’s Master Crypto Plan. All that’s left now is for him to release an NFT with his hair in 3D.
Which coins might benefit?
Here’s the part everyone’s waiting for: who stands to win from all this? Bakkt already lists several cryptos, and these are the ones most likely to shine if the rumors are true:
• Bitcoin (BTC) (always the king, lol)
• Ethereum (ETH)
• Dogecoin (DOGE)
• Shiba Inu (SHIB)
• Litecoin (LTC)
• Bitcoin Cash (BCH)
• Ethereum Classic (ETC)
• USD Coin (USDC)
If Trump gets involved, this will be like a reality show: drama, hype, and everyone talking about these coins. The market thrives on these kinds of narratives.
Shady connections? You bet.
Now get this: Bakkt’s first CEO was Kelly Loeffler, a former Republican senator and close ally of Trump. Coincidence? This is starting to feel like a long-term plan or just one of those “power moves” cooked up in a private chat group.
Will Trump turn Bakkt into the “Crypto Empire”?!
For now, it’s all rumors, but the market is already buzzing. And let’s be honest: Trump and drama go hand in hand. If this actually happens, expect a flood of headlines, market activity, and maybe even a “Trump-style crypto boom.”
What do you think? Is this the move of the century or just another wild and ambitious Trump idea? Let me know, because I’m keeping an eye on the market.