Trump administration says tariff revenue could be used to buy Bitcoin
Trump officials are exploring using tariff revenue and gold revaluation to buy Bitcoin for U.S. reserves.
Trump officials are exploring using tariff revenue and gold revaluation to buy Bitcoin for U.S. reserves.
CleanSpark's holdings now exceed 12,000 BTC, worth just over $1 billion at current prices.
Rancher Brett Kenzy hopes President Donald Trump's tariffs will make imported beef expensive enough that Americans will turn to cattle raised at home for all their hamburgers and steaks. “If we can just fix a few key things, I think that we can reinvigorate rural America,” said the South Dakota rancher. Trump has enjoyed overwhelming support in rural parts of the country in his three campaigns for president.
Nike initiated, GM downgraded: Wall Street's top analyst calls
These could be protective plays, one observer said, referring to the activity in the NVDA put options.
Crypto-centric stocks like IBKR, NVDA and HOOD are poised to benefit once the Bitcoin rally resumes.
Bitcoin (BTC) was also a top performer, rising 0.7%.
Lucid is on track to launch its midsize electric SUV in 2026, company executives said on Tuesday, as the EV maker looks to tap an increasingly competitive segment dominated by rival Tesla's bestselling Model Y crossover. Lucid is not immune to the Trump administration's tariffs but is working to mitigate its effects, interim CEO Marc Winterhoff told Reuters.
The stocks in this article have caught Wall Street’s attention in a big way, with price targets implying returns above 20%. But investors should take these forecasts with a grain of salt because analysts typically say nice things about companies so their firms can win business in other product lines like M&A advisory.
Small-cap stocks can be incredibly lucrative investments because their lack of analyst coverage leads to frequent mispricings. However, these businesses (and their stock prices) often stay small because their subscale operations make it harder to expand their competitive moats.