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Trump’s crypto support fuels election optimism; forecasts give him a 64.8% chance of winning. Concerns arise over potential conflicts of interest with Trump’s proposed financial projects. Since the start of this election cycle, former President Donald Trump has been outspoken in his support of cryptocurrency, gaining backing from various supporters who believe he should win the presidency. In a recent post by Autism Capital, they pointed out how Elon Musk also sees potential for a revival of the U.S. economy if Trump secures a win. The post included a video of Musk speaking at an event, where he said,  Source: Autism Capital/X  Crypto community supports Trump Additionally, a recent post by Crypto Rover, founder of @cryptoseacom, shared election forecasts suggesting that Trump has a 64.8% chance of winning. He also added,  “Also $725 billion Bernstein predicts that if Trump is re-elected, #Bitcoin could reach $90,000 by the end of this year. BULLISH!” Source: Crypto Rover/X This highlighted the growing support Trump is garnering from the crypto community and beyond. The confidence is so strong that, despite the scheduled debate between President Trump and Vice President Kamala Harris, on the 10th of September, many believe the election odds are unlikely to see any significant shift. Reiterating the same, X (formerly Twitter) user Crypto_McKenna added,   Source: McKenna/X  Lingering concerns surrounding Trump’s new plan Amidst the prevailing optimism surrounding Trump’s potential victory, a recent Wall Street Journal report has raised concerns about potential conflicts of interest tied to his re-election. The report highlights the World Liberty Financial project, which, while details remain limited, aims to promote “U.S.-pegged stablecoins around the world” and reinforce the dominance of the U.S. dollar. This initiative could introduce new layers of complexity and scrutiny, potentially leading to fresh conflicts of interest if Trump secures another term. The concern…

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Filed under: News - @ September 11, 2024 1:08 am