Renowned economist Peter Schiff commented on Trump Media & Technology Group’s (DJT) announced $6 billion merger with TAE Technologies, a California-based fusion energy company.
Schiff highlighted that DJT’s business model has shifted from social media, to Bitcoin (BTC)-treasury strategies, and now to fusion energy, suggesting the main value is political access rather than technology or business fundamentals.
Schiff argued that Republicans who previously criticized the Bidens for alleged influence-trading would be “total hypocrites” if they do not address the political implications of the Trump Media merger, as the deal is seen by critics as leveraging Trump’s political power.
The merger aims to build the world’s first utility-scale fusion power plant by 2026, with TMTG becoming the holding company for Truth Social and other Trump ventures.
TAE Technologies has previously raised over $1.3 billion from major investors, including Google, Chevron, and Goldman Sachs, and claims its fusion technology is ready for commercial deployment.
Schiff’s comments emphasize that the political aspects of the merger may overshadow the technological advancements, drawing parallels to past scrutiny of Hunter Biden’s business ties$SOL
