Bitcoin
Bitcoin
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Bitcoin's price has fallen towards $60,000 per Bitcoin after peaking above $70,000 last month, joining Elon Musk's growing warning that the U.S. dollar may be collapsing.
Now, as former U.S. President Donald Trump and the Federal Reserve attempt to spark a $4 trillion Bitcoin price boom, Trump is unexpectedly supporting the U.S. crypto industry and making a small Bitcoin investment. It has significantly increased the price of its rivals.
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Former US President Donald Trump has promised to accept donations to crypto campaigns, joking: … [+]
Trump, the Republican candidate for this year's White House, said at the conference: “If hostility towards cryptocurrencies causes cryptocurrencies to leave the United States…well, we will stop that. We don't want that. '' he said at the meeting. with a group of his non-fungible token (NFT) buyers at a Mar-a-Lago dinner. “If we're going to accept it, we have to keep them here.”
The Bitcoin and cryptocurrency industry has come under pressure in recent years from the Biden administration's perceived hostility towards cryptocurrencies and crypto companies. Meanwhile, the U.S. Securities and Exchange Commission (SEC) has been criticized for its so-called “regulation by enforcement” approach, which imposes huge fines on companies and drags them into court.
“I'm fine with that,” President Trump said in a widely shared clip on X. It comes in many forms, but if you support cryptocurrencies, you should vote for Trump. ”
President Trump also pledged to accept Bitcoin and cryptocurrency campaign donations, sending the price of the joke memecoin Borden soaring 25% before falling slightly.
Borden, the meme coin that features a misspelling of President Joe Biden's name, soared after President Trump answered a question about the meme coin in a Q&A posted on X. “That's a lot of money for a coin,” Trump said after hearing Borden's market value was $240 million. Capitalize. “I don't like that investment.”
As the race for the White House intensifies, the crypto community is increasingly supporting Trump.
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Bitcoin price rebounded after 2022 price crash, pushing Bitcoin price into excess … [+]
“I didn't think I'd be talking about being at Mar-a-Lago tonight, but President Trump spoke very highly of cryptocurrencies and then… he invited me. [polygon founder] Ryan Serkis, CEO of cryptocurrency data company Messari, posted on Fight for cryptocurrencies and support President Trump.”
Bitcoin and cryptocurrencies are likely to play a bigger role in this election than they did in 2016 or 2020. According to the Harris Poll, about 21% of voters in U.S. battleground states believe that crypto policy is important enough to swing their support. Commissioned by Digital Currency Group (DCG) crypto conglomerate.
Another pro-cryptocurrency presidential candidate, Robert F. Kennedy (RFK) Jr., who dropped out of the Democratic primary and is running as an independent, was the first to accept cryptocurrency donations, saying, “The entire U.S. budget He has promised to put “into the blockchain.” If he wins the White House this year.
