Re: Donald Trump's stance on Bitcoin is changing, the Trump pump is beginning
While it's encouraging to see someone like Trump embrace NFT, Bitcoin, and cryptocurrencies in general, he is still a politician, and this may be one of his team's tactics to collect money for his campaign and aid in his victory.
What I'm trying to convey is that I won't put much faith in what he says at this point because his actual behavior is still unclear.
What I'm trying to convey is that I won't put much faith in what he says at this point because his actual behavior is still unclear.
Trump's NFT collection, and ETH holdings tells us he's deep into the crypto craze. His latest remarks expressing his supports towards Bitcoin just tells us that (even if it's meant to attract crypto voters). Biden is now considering accepting crypto donations in an effort to mimic Trump. He doesn't want to lose the elections, after all.
With crypto becoming popular each day, politicians better embrace the revolution or get left behind in the dust. I wonder if a bullish US President will propel market prices all the way to the moon? We'll only know after Trump is re-elected (and promises are kept). Regardless, BTC will do fine thanks to the way it was designed.
A procrypto president cannot control the price of the market, I reckon. It will certainly be bullish, however, the type of bullishness that it will bring is we can be quite certain that the types of people similar to uncle Gary who impose regulation through enforcement tactics will stop their biased behavior and treat the cryptospace more fairly. This will also certainly make the cryptospace easy to use for the community instead of criminalising people.