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TRUMP

Bitcoin

Donald Trump

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 <p class="paragraph">Donald Trump appeared in an interview on <em>Fox News</em> this week as part of his presidential campaign. Among the discussed topics, the candidate shared his <a rel="noopener noreferrer nofollow" title="insights" href="https://thebittimes.com/tag/insights.html">insights</a> on Bitcoin (BTC) and the U.S. Dollar (USD).</p>
 <p class="paragraph">In the interview, the reporter asks Trump whether embracing Bitcoin would be a logical step forward due to the growing interest. Notably, the Republican candidate agrees that “lots of people are doing it [Bitcoin]” while mentioning the dollar as the “one currency” he “calls a currency.”</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“It [Bitcoin] is taking a life of its own; you probably have to do some regulation, (…) but many people are embracing it. More and more I’m seeing people wanting to pay in Bitcoin. So, I can live with it, one way or the other. I’ve always liked one really powerful thing, and that’s called the Dollar.</p> <cite>– Donald Trump</cite>
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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   </svg> Picked for you</h3>
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">TRUMP ON BITCOIN:<br><br>“More and more people are wanting to pay with #Bitcoin. I can live with it.” pic.twitter.com/UzjaWMHy1S</p>— Bitcoin Archive (@BTC_Archive) February 23, 2024
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 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis-following-donald-trump-s-insights">Bitcoin price analysis following Donald Trump’s insights</h2>
 <p class="paragraph">Meanwhile, BTC is trading at $50,984, still inside a range on its 4-hour chart against the USD. As of writing, Bitcoin has slightly lost the 50-period exponential moving average (EMA), challenging its ability to hold these levels.</p>
 <p class="paragraph">The range has a support at $50,662 and a resistance at $52,985. Breaking any of these levels could mean continuation in the near future.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="661" src="https://cdn.thebittimes.com/images/2024/02/23/a33e1d4a1517d8a40c9103f250c5ac04.webp" alt class="wp-image-156882" srcset="https://cdn.thebittimes.com/images/2024/02/23/a33e1d4a1517d8a40c9103f250c5ac04.webp 1024w, https://cdn.thebittimes.com/images/2024/02/23/a33e1d4a1517d8a40c9103f250c5ac04.webp 300w, https://cdn.thebittimes.com/images/2024/02/23/a33e1d4a1517d8a40c9103f250c5ac04.webp 768w, https://cdn.thebittimes.com/images/2024/02/23/a33e1d4a1517d8a40c9103f250c5ac04.webp 1536w, https://cdn.thebittimes.com/images/2024/02/23/a33e1d4a1517d8a40c9103f250c5ac04.webp 1875w" sizes="(max-width: 1024px) 100vw, 1024px">
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   BTC/USD 4-hour price chart. Source: <em>TradingView</em> (Finbold)
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 </figure>
 <h2 class="wp-block-heading" id="etfs-and-an-increased-interest-in-paying-with-bitcoin">ETFs and an increased interest in paying with Bitcoin</h2>
 <p class="paragraph">Recently, the Securities and Exchange Commission (SEC) of the United States approved the offer of Bitcoin spot ETFs. This has already attracted a new group of investors not yet exposed to the leading cryptocurrency.</p>
 <p class="paragraph">Moreover, many saw it as an indirect validation of cryptocurrencies and Bitcoin as a legitimate asset. Interestingly, such validation could have motivated people to try <a rel="noopener noreferrer nofollow" title="paying" href="https://thebittimes.com/tag/paying.html">paying</a> with Bitcoin, using it as a currency.</p>
 <p class="paragraph">On the other hand, the European Central Bank (ECB) compared the ETFs’ approval to “the naked emperor’s new clothes,” where Bitcoin is the “naked emperor.” Additionally, the ECB believes Bitcoin has failed as a global digital currency due to its inability for efficient payments.</p>
 <p class="paragraph">Not long ago, Bitcoin transaction fees reached the average global daily income, evidencing the challenges to meet this discussed demand.</p>
 <p class="paragraph">In summary, Donald Trump did not show direct support for Bitcoin, although not showing resistance either. The U.S. presidential candidate defends more regulation of BTC and doubles down on his support for the Dollar as the “one powerful currency.”</p>
 <p class="paragraph">Nevertheless, Donald Trump seems to believe in cryptocurrencies as an investment, considering a known portfolio of around $500,000 in crypto.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/donald-trump-s-latest-insights-on-paying-with-bitcoin-tbt80635.html">https://thebittimes.com/donald-trump-s-latest-insights-on-paying-with-bitcoin-tbt80635.html</a></p>

Donald Trump’s latest insights on paying with Bitcoin

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TheBitTimes

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