Bitcoin Breaks Records as Trump Secures 2024 Win and Outlines Bold Crypto Vision
The post Bitcoin Breaks Records as Trump Secures 2024 Win and Outlines Bold Crypto Vision appeared on BitcoinEthereumNews.com.
In light of the 2024 US election victory, Donald Trump is back in the limelight, not just as the 47th President of the US but also as a supporter of BTC and a stern believer in cryptocurrencies. This year, after Trump emerged as the winner, interest in digital assets soared, and a new high for Bitcoin soared past $75,000. In a series of highly audacious statements, the President has set out a detailed policy agenda to transform the bitcoin market in the United States of America, which presents a pro-BTC disposition. Trump’s 11-Point Crypto Vision President Trump’s administration is expected to turn pro-crypto and favor BTC. Trump’s 11-point economic policy, published in his campaign, seeks to turn the United States into the global capital for cryptocurrency. One of the substantial promises is to create a “National Bitcoin Stockpile,” which shows the awareness of the value of Bitcoin, which is similar to gold. Such a mindset creates an image of a future in which a digital currency will be essential to the nation’s reserves. The agenda also includes firing SEC Chairman Gary Gensler, positioning the U.S. as the “Bitcoin and cryptocurrency capital of the world”, retaining the government’s Bitcoins holdings, abolishing the capital gains tax on Bitcoin, halting regulatory suppression, and forming a Bitcoin and crypto advisory council. This agenda has set a goal towards achieving a favorable environment within the United States regarding cryptocurrencies for the growth and development of this sector. Bitcoin Price Surges Amid Policy Shift Speculations As the word spread that Trump is inclined toward the crypto-friendly approach, Bitcoin rose to $75,000. This increase can be linked to the optimistic reactions of investors to Trump’s campaign, suggesting a more benign regulatory approach in the US. For example, investors who believe it would spur more Americans to embrace…
Filed under: News - @ November 7, 2024 2:16 am