“Trump Media & Technology Group (TMTG) plans to raise $3 billion to buy cryptocurrencies such as Bitcoin”

This news by Financial Times did put some spring in the cryptocurrency market, leading to a rebound after the BTC price dipped due to another Trump-triggered trade war.

The cryptocurrency market has seen some interesting activity in recent times, with claims of a $3 billion capital raising by Trump Media & Technology Group (TMTG) to buy cryptocurrencies, including Bitcoin, putting some spring in the market.

This news, reported by the Financial Times, follows a period of speculation about Trump's involvement in the crypto sphere. Earlier reports had mentioned the launch of the Official Trump token and presales of WLFI, both of which were said to have the president's backing.

However, TMTG has since denied these claims, calling them "dumb" and stating that the sources are unreliable. The company declined to offer any further comment on the alleged fundraising.

"Apparently the Financial Times has dumb writers listening to even dumber sources," TMTG said in a statement.

The report by the Financial Times stated that the capital raising could be announced ahead of the Chain Reactions conference, a major meeting of cryptocurrency investors and advocates, which is set to take place this week.

It also highlighted that the terms of the deal could change, while citing two people familiar with the plans who claimed that the offering has been increased due to high demand.

The report further noted that the company is planning to raise $2 billion via fresh equity and $1 billion via convertible bonds. The article also mentioned a White House spokesperson declining to comment on that.

The situation now is that the Financial Times is standing by its claims, while Trump Media has slipped back after claiming that the news is untrue.

So, what is the truth? All the claims point to Trump pushing the narrative to make America the "Crypto Capital of the World." And considering there have been two major presidential events around cryptocurrencies already — the launch of the Official Trump token and the WLFI presale — it wouldn't be wrong to not be apprehensive about the reports.

The times have become more interesting now, which could bolster interest in crypto presales, among which could be the best crypto to buy now.

Which is the Best Crypto to Buy Now?

The current crypto climate is quite confusing. The Bitcoin price is holding steady around the $108K level, having experienced a 2.72% jump in the last 24 hours. Also, the RSI is hovering just below the overbought zone, which often signals slowing bullish momentum and a potential consolidation phase.

On the other hand, Donald Trump's "alleged" bid to buy more Bitcoin and other cryptos could lead to another major pump. Given that information, the following options could be considered suitable for smart investors.

BTC Bull

When Bitcoin starts to fly off the shelves, the focus will also be on the meme coin market, since even a 2% increase in the BTC price could translate into a 200% pump for meme coins. However, this belief is ripe with speculation, and not all meme coins behave the same way.

BTC Bull is a project that attempts to remove the prospect of meme coin growth mirroring Bitcoin's jump as a matter of "speculation," and instead, make it a certainty.

And the elegant method it has implemented involves initiating incremental token burns and Bitcoin airdrops whenever the BTC price crosses a major price milestone.

The developers hope that this could create a bidirectional relationship between Bitcoin and BTC Bull, where the growth of one could be funneled into the other.

And if there is a grain of truth to Trump investing $3 billion to buy Bitcoin, the price growth could be imminent for the world's largest crypto, which could lead to the BTC Bull price surging in value as well.

Many cryptocurrency analysts on YouTube, including Crypto ZEUS, have emerged in support of this cryptocurrency project. Their belief is that this project could see major highs given Bitcoin's current growth. And since we now have a crypto-friendly president, even a $250K valuation for the world's largest crypto doesn't seem too far off.

SUBBD

Donald Trump's latest supposed bid to dive into Bitcoin and cryptocurrency investment could also result in some niche projects emerging. One of them could be SUBBD, a content-creation project within the blockchain domain offering AI-driven benefits to both fans and content creators.

Inspired by OnlyFans, SUBBD alters the standard spicy content paradigm with an AI touch, enabling the creation of tailored artworks driven by a GPT-esque ecosystem. This approach will allow creators to alter their standard images based on what the fans request.

Furthermore, AI tools are also integrated into SUBBD's administrative systems, allowing creators to focus less on the mundane and more on the creative aspects of their job.

Calling itself a robust AI-agent ecosystem, SUBBD's primary goal is to redefine the creator-fan relationship through AI-based and real content.

Holders of the native crypto of the project — $SUBBD — will also be able to access exclusive content and additional modules that are still being developed. One of them is an AI influencer, allowing anyone to be