Quote from: rdbase on July 15, 2025, 11:54:43 PM

Quote from: Abiky on July 15, 2025, 08:04:13 PM

Quote from: rdbase on July 15, 2025, 12:02:39 PM

Well one is for certain:
Trump is looking to loosen regulation on cryptocurrencies can have bitcoin's price surge!

This is the headline when you check some of the mainstream media outlets today when it did reach it's new All-Time High (ATH) of $123,000 the other day.

Besides the loosening of regulations, the weakening of the USD has had a positive impact over Bitcoin's market prices. There are many factors that will ultimately "pump" BTC all the way to the moon. Good times for Bitcoin holders.

Now Trump needs to make Bitcoin legal tender in the US. Something like El Salvador did a few years ago. With VP J.D. Vance saying: "we want our fellow Americans to know that crypto and digital assets, and particularly Bitcoin, are part of the mainstream economy and are here to stay.", anything's possible. Trump will go on history books as the first pro-crypto US president ever to fully embrace Bitcoin. Who knows what many other achievements will Trump get done before 2028?

There are several bills that are prepared to get signed into congress this week starting tomorrow into Thursday.
https://www.politico.com/live-updates/2025/07/14/congress/house-crypto-week-votes-00451112

https://www.politico.com/newsletters/morning-money/2025/07/14/house-gears-up-for-crypto-week-00450752

The one of major interest is the Genius Act that if passed can cause all the other dominoes to fall into place for bitcoin and cryptocurrenies as a whole:
https://www.cnbc.com/2025/07/14/crypto-week-genius-act.html

Even though the first vote on these bills been has, the last update on this situation is that they will vote again and that those republicans that voted no will vote yes. We will find out in a couple days at the latest if this is true. They are really good laws compared to the garbage that democrats usually want to pass. Funny how some of them are critical of this bill on the basis of potential corruption, when democrats have created the most corrupt network of laws and interests in the whole world. Projecting again.

Quote

Since the bill will create a clear pathway for banks and other entities to begin issuing stablecoins, “we’ll likely see a flood of them rush into the market at the start,” he says.

This will be interesting to observe, but in any case increased stablecoin liquidity will have positive price pressure on Bitcoin as well.

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