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Blockchain & Cryptocurrency
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Trump's Support and Opposition Impact Bitcoin's Future
2024-07-30 09:00:08
Politics
Regulation

Trump's Support and Opposition Impact Bitcoin's Future

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The growing mainstream acceptance of Bitcoin is evident as influential figures like Donald Trump and tech leaders engage with the cryptocurrency. Trump's endorsement of Bitcoin as a strategic reserve asset and his participation in the Bitcoin Conference in Nashville have sparked speculation and boosted crypto credibility.

While his opposition to central bank digital currencies (CBDCs) has the potential to further boost Bitcoin's appeal. The impact of Trump's potential reelection on Bitcoin's market value is a subject of discussion, with predictions of significant price surges.

Experts also emphasize the urgent need for clear crypto regulations in the US to ensure the future of digital assets. The importance of supporting pro-crypto candidates and the role of political leadership in shaping the crypto industry are key factors to consider.

Overall, Bitcoin's future is influenced by both Trump's support and opposition, as well as market dynamics and macroeconomic factors.

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Read 7 more recent news on this topic

The press radar on this topic:

Inc.com
29. Juli 2024 um 17:29

Bitcoin Gets a Moment in the Trump Spotlight as a New Bill Gets Traction in Washington

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Crypto is moving mainstream, with Trump now championing it as a way to shift the dollar's value from gold. He promises to make US a "bitcoin superpower" and create a strategic reserve. But his past criticism, regulators' skepticism, and Silk Road founder Ulbricht's life sentence show crypto's legal hurdles. Kamala Harris' team seeks to "reset" relations, while Wyoming promotes crypto-friendly laws.
The Street
6. August 2024 um 21:45

Will Trump endorse bitcoin as strategic reserve asset?

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Trump's Bitcoin Conference keynote sparks speculation of endorsing bitcoin as strategic reserve, leveraging U.S. holdings. Experts Tung, Melker predict global adoption, central bank shifts, and price surge. Rumors of SEC Chair resignation raise pro-crypto successor prospect, while potential Fink Treasury appointment could cement admin support. Melker notes bitcoin's growing political significance for 2024 election.
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2. August 2024 um 18:47

Biden’s exit offers Democrats a chance for a crypto ‘reset’ to win more votes

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Biden's exit offers Democrats a chance to reset crypto policy and win back crypto voters. Kamala Harris and other Democratic leaders can embrace crypto and reset the party's dialogue. Trump's anti-crypto stance may become irrelevant if a pro-crypto Democrat emerges. Crypto industry donors have poured millions into Trump's campaign, but a Democratic nominee can propose a five-point plan to steal the crypto vote, including outreach, SEC/CFTC appointments, and policy proposals. The crypto elector..
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How Trump’s opposition to CBDCs could boost crypto's appeal

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Experts discuss crypto landscape, including Layer 1 blockchains, bitcoin, ethereum, ETFs, Trump's opposition to CBDCs boosting bitcoin, lower-cap assets with real utility and institutional connections, ethereum's dominance in decentralized finance (DeFi), and Co-Founder of Market Rebellion Jon Najarian.
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