DeFi

Bitcoin

David Vance

Propel

<p>The post <a href="https://coinpedia.org/news/can-a-pro-bitcoin-government-propel-bitcoin-to-150000-examining-trumps-pro-crypto-position/">Can a Pro-Bitcoin Government Propel Bitcoin to $150,000? Examining Trump’s Pro-Crypto Position</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Russell Starr, Former CEO and Head of Capital Markets at DeFi Technologies, opened up about Bitcoin and the impact of elections on <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin price</a>.<a href="https://www.youtube.com/watch?v=cWZ9jVe0NUo" target="_blank" rel="noreferrer noopener nofollow"> In an interview with David Lin</a>, Russell discussed the movements in stock markets observed on the Monday following the attempted assassination of former President Donald Trump. He attributed the market shifts to several key factors.</p> 
<h2 class="wp-block-heading" id="h-key-factors-driving-bitcoin-stability">Key Factors Driving Bitcoin Stability</h2> 
<p>“The most crucial factor, in my opinion, was the cessation of <a href="https://coinpedia.org/news/german-government-moves-300m-in-bitcoin-to-exchanges-more-sell-off-ahead/" target="_blank" rel="noreferrer noopener">Bitcoin sales by the German government</a>,” Russell said. This reduction in selling pressure contributed to a more stable and potentially bullish market environment for Bitcoin.</p> 
<h2 class="wp-block-heading" id="h-trump-s-pro-crypto-shift-and-its-implications">Trump’s Pro-Crypto Shift and Its Implications</h2> 
<p>Additionally, <a href="https://coinpedia.org/news/donald-trump-endorses-cryptocurrencies-in-u-s-presidential-race-against-joe-biden/" target="_blank" rel="noreferrer noopener">Trump’s evolving stance on cryptocurrency</a> was discussed as a pivotal element. Trump has increasingly positioned himself as a pro-crypto libertarian, advocating for the integration of cryptocurrency into the US economic framework. This alignment is further evidenced by Trump’s running mate, JD Vance, who supports a weaker US dollar to bolster the US economy.</p> 
<p>Combining these factors—a reduction in Bitcoin selling by the German government and Trump’s pro-crypto stance—has led to a stronger Bitcoin price, according to him. A continued upward trend in Bitcoin’s value is predicted, especially if Trump secures a victory and further vocalizes his support for Bitcoin.</p> 
<p>“I wouldn’t be surprised that with a Trump victory you see it moving into that $150,000 level. This is a huge trading opportunity for individuals,” he added.</p> 
<h2 class="wp-block-heading" id="h-future-predictions-and-market-opportunities">Future Predictions and Market Opportunities</h2> 
<p>Discussing Trump’s shift in perspective, he said that his earlier anti-Bitcoin stance has changed considerably. Fundamentally, Trump’s platform now includes the belief that a weaker US dollar and a pro-crypto stance are beneficial for the economy. This ideological shift aligns with broader economic strategies, including skepticism about the US dollar as the global settlement currency.</p> 
<p>Looking forward, according to him, a pro-Bitcoin government might actively adopt Bitcoin. Even if direct adoption doesn’t occur, a pro-crypto stance from regulatory bodies like the SEC could significantly impact the market.&nbsp;</p> 
<p>He also discussed how on the campaign trail, Trump has pledged to oppose Elizabeth Warren’s anti-crypto policies and halt Joe Biden’s efforts to undermine the crypto industry. Trump’s commitment to protecting crypto holders’ rights and preventing the creation of a central bank digital currency is clear.</p> 
<p>Also Check Out: <a href="https://coinpedia.org/news/bitcoins-moon-phase-has-triggered-perfect-storm-for-altcoins-watch-out-for-solana-based-coins/" target="_blank" rel="noreferrer noopener">Bitcoin’s ‘Moon’ Phase Has Triggered Perfect Storm For Altcoins; Watch Out For Solana-based Coins</a></p>

Can a Pro-Bitcoin Government Propel Bitcoin to $150,000? Examining Trump’s Pro-Crypto Position

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