2024

Donald Trump

Bitcoin

<ul class="news-points">
 <li>A win for Donald Trump could trigger a Bitcoin rally.</li>
 <li>Trump has openly declared support for Bitcoin and cryptocurrency.</li>
 <li>Crypto stakeholders have openly supported Trump and donated to his campaign.</li>
</ul>
A Financial Times <a href="https://www.ft.com/content/5ee798a2-bd4f-488b-87b5-35730dec5275" target="_blank" rel="noopener noreferrer nofollow">report suggests</a> that a victory for Donald Trump in the U.S. presidential election could spark a Bitcoin rally in late 2024. The report cited Trump’s public support for the crypto industry and engagement with the technology as potential catalysts for a Bitcoin surge if he wins.
Some crypto investors are backing the former president’s re-election campaign, aligning with his pro-crypto stance. Trump has even dubbed himself the “crypto president” and pledged to support the digital asset industry if re-elected. He claims his election would usher in a new era of crypto in finance.
Bitcoin surged in early 2024 following the approval and launch of several spot Bitcoin ETFs, reaching a new record high of $73,794 in March. Other ETF applications have since followed, including the recently approved Ethereum ETF and pending applications for Solana ETFs.
The optimism surrounding Trump’s potent…
The post <a href="https://coinedition.com/2024-trump-presidency-the-catalyst-for-a-historic-bitcoin-surge/" rel="noopener noreferrer nofollow">2024 Trump Presidency: The Catalyst for a Historic Bitcoin Surge?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

2024 Trump Presidency: The Catalyst for a Historic Bitcoin Surge?

Coin Edition

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