Will the Tables Turn for Retail Investors as Trump Appoints Pro-crypto Lawmak...
A huge part of Donald Trump’s presidential campaign was based on cryptocurrency. He promised to introduce a new regulatory framework for crypto and promote it as a more mainstream asset. Cut to the present, Donald Trump has won the election, which is why the crypto industry is pushing to see him fulfill these promises. Trump […]
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According to JPMorgan analysts, a win for the Republican US presidential candidate Donald Trump could further fuel Bitcoin (BTC) price momentum. Retail Investors Turn To Bitcoin For ‘Debasement Trade’ In a recent client note, analysts at JPMorgan suggested that a Trump win might provide ‘additional upside’ for both BTC and gold, as retail investors increasingly view Bitcoin as a ‘debasement trade.’ Related Reading: Bitcoin Makes ATH Against Euro Due To Change In Dollar Strength, Details Inside In simple terms, a debasement trade is a strategy to protect purchasing power against the steady....
It’s safe to say that the crypto market has likely never been this hot, with Donald Trump set to sign an executive order making cryptocurrency a US national priority and encouraging and guiding government agencies to collaborate with the industry. Additional proof of Trump’s unprecedented positive impact on crypto is the fact that around 46% of capital invested by crypto VC funds in Q4 2024 was poured into startups in the United States. So, institutional investors have shown their hand; they’re betting on the US’s upcoming administerial changes and pro-crypto stance....
– he failed to demonstrate his understanding of the Internet and contemporary, borderless commerce. If it’s not remittances, immigrants in the US will figure out a way to send their money home if they want to do so. For now, it’s not going to be Bitcoin. But, if Trump does block remittances, you better believe that sooner than later increasing numbers of remitters will look into this blockchain technology. Knowing crypto-currency enthusiasts, they’ll likely troll Trump with Wallcoin. Or “Wall: The Blockchain Solution That Knows No Walls.” There’s already “Trumpcoin.” Trump wants to use a....
“A page in the book of history has turned, and there is an opening to think about some of our problems from a new perspective,” the gay Bitcoin enthusiast, Peter Thiel, who will serve on Donald J. Trump’s presidential transition team, told the New York Times after the election. “I’ll try to help the president in any way I can.” Since Donald J. Trump assumed the role of president-elect in last Tuesday’s U.S. election, much scrutiny has been put on his statements and team as the transition begins between President Obama and Mr. Trump. President-elect Trump appointed a litany of Republican....
U.S. President-elect Donald Trump has pledged to declare China a currency manipulator on day one of his presidency. During his campaign, he also repeatedly pledged to impose a 45% tariff on Chinese goods. His promises risk creating a trade war between the U.S. and China which could weaken the yuan and accelerate Chinese capital outflows. When the yuan....