President Trump just lit a massive fire under cryptocurrencies.
Bitcoin, for example, is now up to $105,217. Ethereum is nearing $3,400. XRP is up to $3.20. All after he issued an executive order on crypto, with a strong emphasis on protecting and promoting the use and development of digital assets.
In fact, as noted by The White House:
- President Trump will help make the United States the center of digital financial technology innovation by halting aggressive enforcement actions and regulatory overreach that have stifled crypto innovation under previous administrations.
- President Trump’s policy vision marks an unprecedented step towards welcoming in a new era for digital financial technology; one in which President Trump’s administration will work towards ensuring innovation thrives, regulatory frameworks are clear, and economic liberty is protected.
- The growth of digital financial technology in America must remain unhindered by restrictive regulations or unnecessary government interference.
Love him or hate him, that’s a strong catalyst for cryptocurrencies.
And while you may not have an interest in investing directly in cryptocurrencies, you can still gain big exposure with stocks and related ETFs, such as:
MicroStrategy (SYM: MSTR)
As we mentioned a few days ago, MSTR has been a massive beneficiary.
Now up to $373, there’s still more upside ahead for the stock. That’s because the company now owns more than 461,000 BTC. So, every time Bitcoin rises in value, MSTR rises in value. Helping, MSTR shareholders just “approved an increase in authorized Class A common shares from 330 million to 10.3 billion, supporting the company’s Bitcoin acquisition strategy,” as noted by Crypto Briefing.
YieldMax Bitcoin Option Income Strategy ETF (SYM: YBIT)
There’s also the YieldMax Bitcoin Option Income Strategy ETF (YBIT).
With a monthly dividend payout of just under 80 cents a share at the moment, the YBIT ETF generates income through a synthetic covered call strategy on one or more select U.S.-listed Bitcoin ETPs, or an exchange traded product.
Since bottoming out at around $8.75 in September, the YBIT ETF is now up to $12.58. From here, we do expect for it to see higher highs – especially with a pro-crypto White House.
Up Next: 4x Better than Bitcoin
Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.
It would have to go from $68,000 to $204,000 to match the 300% gains we saw with Viking Therapeutics.
And an upcoming FDA decision could spark a 46,751% sales surge for one tiny $8 stock…
Get the name of the stock here >>>