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How U.S. Fiscal Policies Under New Leadership Could Shape the Crypto MarketMust read to know about next šŸ‚ run President Donald Trump nominated Scott Bessent, a hedge fund manager, as Treasury Secretary. Bessent's policies, including deregulation and deficit reduction, could indirectly affect the cryptocurrency market. Deregulation may foster a more crypto-friendly environment, encouraging investment and innovation. Additionally, efforts to reduce the deficit might impact traditional financial markets, influencing crypto as an alternative. Increased energy production could also affect mining operations and costs. The decision of President Donald Trumpā€™s nomination of Scott Bessent as Treasury Secretary could significantly influence the cryptocurrency market. Bessentā€™s advocacy for deregulation may lower barriers for crypto businesses, fostering innovation and adoption. Efforts to reduce the U.S. deficit could stabilize traditional markets, but might also drive investors to crypto as a hedge against fiscal uncertainty. Additionally, Bessentā€™s push for increased energy production could impact crypto mining costs, given the energy-intensive nature of the industry. #CryptoMarketMoves #TrumpInPump $ETH {spot}(ETHUSDT) $BTC {spot}(BTCUSDT)

How U.S. Fiscal Policies Under New Leadership Could Shape the Crypto Market

Must read to know about next šŸ‚ run
President Donald Trump nominated Scott Bessent, a hedge fund manager, as Treasury Secretary. Bessent's policies, including deregulation and deficit reduction, could indirectly affect the cryptocurrency market. Deregulation may foster a more crypto-friendly environment, encouraging investment and innovation. Additionally, efforts to reduce the deficit might impact traditional financial markets, influencing crypto as an alternative. Increased energy production could also affect mining operations and costs.
The decision of President Donald Trumpā€™s nomination of Scott Bessent as Treasury Secretary could significantly influence the cryptocurrency market. Bessentā€™s advocacy for deregulation may lower barriers for crypto businesses, fostering innovation and adoption. Efforts to reduce the U.S. deficit could stabilize traditional markets, but might also drive investors to crypto as a hedge against fiscal uncertainty. Additionally, Bessentā€™s push for increased energy production could impact crypto mining costs, given the energy-intensive nature of the industry.
#CryptoMarketMoves #TrumpInPump $ETH
$BTC
šŸ†Trump and the Crypto BombshellšŸ’¹šŸ¤‘ In an unexpected twist, a recent leak has revealed that former US President Donald Trump is planning to launch his own crypto project. While this certainly added fuel to the fire, it's not just the leak that matters. The widespread narrative of high-profile figures and institutions showing interest in the cryptocurrency has had a positive impact on Bitcoin's price. Whether or not Trump's involvement in crypto proves valid, its impact on public perception could drive further demand for Bitcoin. $BTC {spot}(BTCUSDT) #BTC100KToday? #COSSocialFiRevolution #TrumpInPump #BitcoinETFOptions #writetoearn
šŸ†Trump and the Crypto BombshellšŸ’¹šŸ¤‘

In an unexpected twist, a recent leak has revealed that former US President Donald Trump is planning to launch his own crypto project. While this certainly added fuel to the fire, it's not just the leak that matters. The widespread narrative of high-profile figures and institutions showing interest in the cryptocurrency has had a positive impact on Bitcoin's price. Whether or not Trump's involvement in crypto proves valid, its impact on public perception could drive further demand for Bitcoin. $BTC

#BTC100KToday? #COSSocialFiRevolution #TrumpInPump #BitcoinETFOptions #writetoearn
Bitcoin's $94K Milestone: The Future of Finance or Just Another Bubble? Bitcoin just hit a new high ā€” $94,000 ā€” and the world is buzzing. But here's the burning question: Is this the future of money, or a massive bubble ready to burst? The crypto space has evolved from a niche experiment to a financial powerhouse, but the volatility is still off the charts. Every new record feels like a game of financial roulette, where the house (Bitcoin) always wins ā€” unless it doesn't. Trump's Influence: Is Bitcoin a Political Play? Enter Donald Trump. The former president, who has openly bashed Bitcoin, is ironically playing a huge role in its rise. His criticisms of traditional finance seem to be fueling crypto's anti-establishment appeal. So, are investors flocking to Bitcoin out of rebellion? Or is Trump unknowingly driving the narrative that makes crypto a viable alternative to the dollar? Bubble or Breakthrough? Here's the catch: Bitcoin's rise isn't just about innovation ā€” it's about speculation. Weā€™ve seen this before: insane hype, followed by catastrophic crashes. So, is Bitcoin the future of money or just the latest get-rich-quick scheme for investors willing to ride the wave until it inevitably crashes? Institutional Money: Stabilizing or Sabotaging? The more big institutions get involved, the more Bitcoin starts to look like a traditional asset ā€” but with a dangerously inflated price tag. As whales control the game, smaller investors are left to pick up the scraps. Is institutional money the key to cryptoā€™s future, or a sign of the market's impending manipulation? Conclusion: Revolutionary or Reckless? Bitcoinā€™s $94,000 price tag could be a historic milestone or just another illusion. Crypto is a high-stakes gamble, and while itā€™s exciting, itā€™s not for the faint-hearted. Is this the dawn of a new financial world? Or are we just watching the rise of the next great financial collapse in the making? Only time will tell ā€” but hold on tight, because this ride isnā€™t over yet. #BTC93KNewATH #BitcoinStrategy #TrumpInPump #Write2Earn!
Bitcoin's $94K Milestone: The Future of Finance or Just Another Bubble?

Bitcoin just hit a new high ā€” $94,000 ā€” and the world is buzzing. But here's the burning question: Is this the future of money, or a massive bubble ready to burst?

The crypto space has evolved from a niche experiment to a financial powerhouse, but the volatility is still off the charts. Every new record feels like a game of financial roulette, where the house (Bitcoin) always wins ā€” unless it doesn't.

Trump's Influence: Is Bitcoin a Political Play?

Enter Donald Trump. The former president, who has openly bashed Bitcoin, is ironically playing a huge role in its rise. His criticisms of traditional finance seem to be fueling crypto's anti-establishment appeal. So, are investors flocking to Bitcoin out of rebellion? Or is Trump unknowingly driving the narrative that makes crypto a viable alternative to the dollar?

Bubble or Breakthrough?

Here's the catch: Bitcoin's rise isn't just about innovation ā€” it's about speculation. Weā€™ve seen this before: insane hype, followed by catastrophic crashes. So, is Bitcoin the future of money or just the latest get-rich-quick scheme for investors willing to ride the wave until it inevitably crashes?

Institutional Money: Stabilizing or Sabotaging?

The more big institutions get involved, the more Bitcoin starts to look like a traditional asset ā€” but with a dangerously inflated price tag. As whales control the game, smaller investors are left to pick up the scraps. Is institutional money the key to cryptoā€™s future, or a sign of the market's impending manipulation?

Conclusion: Revolutionary or Reckless?

Bitcoinā€™s $94,000 price tag could be a historic milestone or just another illusion. Crypto is a high-stakes gamble, and while itā€™s exciting, itā€™s not for the faint-hearted. Is this the dawn of a new financial world? Or are we just watching the rise of the next great financial collapse in the making?

Only time will tell ā€” but hold on tight, because this ride isnā€™t over yet.

#BTC93KNewATH #BitcoinStrategy #TrumpInPump #Write2Earn!
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$PEPE #TrumpInPump PepeCoin's Perpetual Pursuit of Rareness šŸ“ˆšŸ“‰ At the heart of PepeCoin's philosophy lies the focus on the concept of rarity. After all, rareness has long been a core theme behind the 'Pepe the Frog' meme. Before crypto, the association between Pepe and rarity was purely ironic. But with the advent of blockchains, the concept of digital scarcity became reality.
$PEPE #TrumpInPump

PepeCoin's Perpetual Pursuit of Rareness šŸ“ˆšŸ“‰

At the heart of PepeCoin's philosophy lies the focus on the concept of rarity. After all, rareness has long been a core theme behind the 'Pepe the Frog' meme.

Before crypto, the association between Pepe and rarity was purely ironic. But with the advent of blockchains, the concept of digital scarcity became reality.
Trump's Ten Promised New Cryptocurrency Policies:Trump's Ten Promised New Cryptocurrency Policies: Make the United States the worldā€™s cryptocurrency capital.Fire SEC Chair Gary Gensler.End the U.S. governmentā€™s unlawful crackdown on the crypto industry.Cease hostilities against cryptocurrency within an hour of taking office.Propose a comprehensive cryptocurrency policy.Halt further U.S. government development of a Central Bank Digital Currency (CBDC).Establish a strategic Bitcoin reserve.Prevent the U.S. from selling its Bitcoin holdings.Recommend using cryptocurrency to address U.S. debt issues.Reduce the sentence of Silk Road founder Ross Ulbricht. {future}(BTCUSDT) {future}(DOGEUSDT) {future}(SOLUSDT) Throughout his campaign, Trump has redefined his stance on cryptocurrency, moving from skepticism to open support. His promises have sparked excitement and optimism within the crypto community, marking a potential turning point for digital assets in the U.S. Boris Bohrer-Bilowitzki, CEO of digital identity and regulation firm Concordium, commented, ā€œTrumpā€™s victory is not only a historic moment in American politics but also hugely positive news for the countryā€™s crypto and digital assets industries.ā€ With the world watching, the crypto industry eagerly awaits to see if these promises will materialize, potentially ushering in a new era of innovation and growth for the U.S. Here's a detailed explanation and analysis of each of the "Ten Promised New Cryptocurrency Policies" in the context of Donald Trump's vision. This article covers the implications, potential impacts, and controversies surrounding these proposals. 1. Make the United States the Worldā€™s Cryptocurrency Capital Trump's pledge to establish the United States as a global hub for cryptocurrency suggests significant policy changes aimed at encouraging innovation and investment in blockchain technology. This move could involve streamlining regulatory processes, providing tax incentives, and creating a crypto-friendly environment that attracts companies and talent. By positioning the U.S. as a leader in cryptocurrency, Trump likely aims to increase economic growth, tech innovation, and attract foreign investments. However, this could also mean potential conflicts with traditional financial institutions and global economic policies. 2. Fire SEC Chair Gary Gensler The firing of SEC Chair Gary Gensler is another policy aimed at shifting the current regulatory landscape. Gensler has been known for his strict approach to cryptocurrency regulation, often pushing for clearer definitions and controls over crypto exchanges and tokens. Trumpā€™s promise to remove Gensler could lead to more relaxed oversight, potentially allowing for increased flexibility within the industry. However, it might also increase risks, as reduced regulation can lead to higher chances of fraud and misuse in the crypto space. 3. Establish a Strategic Bitcoin Reserve Trumpā€™s proposal to create a national Bitcoin reserve is an unprecedented approach that aligns with the idea of treating Bitcoin as "digital gold." This policy would see the government buying and holding Bitcoin as a hedge against inflation and financial instability. A strategic Bitcoin reserve could theoretically protect the U.S. economy from economic downturns by diversifying its assets. However, it also carries risks due to the volatility of Bitcoin, and this could be controversial among policymakers who favor traditional assets like gold or U.S. Treasury bonds. 4. Prevent the U.S. from Selling its Bitcoin Holdings To complement the establishment of a strategic Bitcoin reserve, Trump proposes preventing the sale of $BTC Bitcoin holdings. This policy underscores a commitment to long-term investment in digital assets. By preventing the sale, the government would essentially "hold" Bitcoin as a strategic asset. The drawback here is that Bitcoinā€™s price volatility could lead to substantial fluctuations in the value of these holdings, posing risks to the nationā€™s balance sheet and potentially impacting the dollar's stability. 5. Halt Further U.S. Government Development of a CBDC The halt on Central Bank Digital Currency (CBDC) development reflects concerns over government surveillance and control of financial transactions. CBDCs are digital versions of national currencies, and their development could give the government significant oversight over financial transactions. Trumpā€™s stance suggests a preference for decentralized financial systems over government-controlled digital currencies. While this might appeal to privacy advocates and the crypto community, it could delay modernization efforts within the U.S. financial system, potentially impacting competitiveness with nations pursuing CBDCs, like China. 6. Propose a Comprehensive Cryptocurrency Policy This policy points towards a holistic approach to crypto regulation, which would cover areas like taxation, consumer protection, fraud prevention, and financial stability. A comprehensive cryptocurrency policy could bring clarity and structure to the industry, offering guidelines for companies, investors, and users. By setting a clear framework, the government could reduce uncertainty and foster responsible growth in the sector. However, developing such a policy would require careful balancing between innovation and regulation, ensuring protection without stifling growth. 7. Cease Hostilities Against Cryptocurrency Within an Hour of Taking Office The promise to ā€œcease hostilitiesā€ against cryptocurrency implies a significant pivot from the current regulatory environment. This could involve halting enforcement actions against crypto companies and making the regulatory environment more favorable to crypto businesses. Such a policy could lead to rapid expansion in the industry, potentially boosting the economy. On the downside, too much leniency could increase the risks of fraud and financial crimes associated with cryptocurrencies. 8. End the U.S. Government's Unlawful Crackdown on the Crypto Industry The commitment to end what Trump refers to as the ā€œunlawful crackdownā€ on crypto implies that he views current regulatory actions as excessive. This could mean ending investigations, lawsuits, and penalties against cryptocurrency companies. For crypto advocates, this approach represents a pro-business stance that could lead to rapid industry growth. However, critics argue that without strict oversight, the crypto space may become prone to fraud, scams, and illegal activities. 9. Recommend Using Cryptocurrency to Address U.S. Debt Issues This proposal suggests that Trump sees potential in cryptocurrencies as a tool for national finance. For example, he may propose ways to integrate digital assets into government finances, such as using crypto in Treasury operations or accepting Bitcoin for tax payments. However, this is controversial, as cryptocurrency's volatility could create unpredictable impacts on the nationā€™s financial health. Additionally, integrating crypto into national debt management could face resistance from economists who prioritize stability in national financial strategies. 10. Reduce the Sentence of Silk Road Founder Ross Ulbricht The promise to reduce the sentence of Ross Ulbricht, the founder of the Silk Road marketplace, is an appeal to libertarian values within the crypto community. Ulbricht's case is symbolic, as Silk Road was a major black market that used Bitcoin for transactions. Reducing his sentence would likely signal support for more lenient laws around the use of cryptocurrencies. However, this is a highly controversial stance, as many see Ulbrichtā€™s sentence as a deterrent to illegal activities conducted using crypto. Conclusion: Potential Impacts and Challenges Trumpā€™s proposed policies suggest a shift towards a more crypto-friendly U.S. government, potentially transforming the country into a hub for digital assets. While these policies could attract investment and foster innovation, they also carry risks such as increased volatility, potential for financial crimes, and challenges to traditional financial structures. Implementing these policies would require balancing innovation with security, ensuring that the U.S. remains competitive while protecting its financial system and citizens. #TradingMadeEasy #TrumpCryptoSupport #TrumpInPump #BTCā˜€ #ETHšŸ”„šŸ”„šŸ”„šŸ”„

Trump's Ten Promised New Cryptocurrency Policies:

Trump's Ten Promised New Cryptocurrency Policies:
Make the United States the worldā€™s cryptocurrency capital.Fire SEC Chair Gary Gensler.End the U.S. governmentā€™s unlawful crackdown on the crypto industry.Cease hostilities against cryptocurrency within an hour of taking office.Propose a comprehensive cryptocurrency policy.Halt further U.S. government development of a Central Bank Digital Currency (CBDC).Establish a strategic Bitcoin reserve.Prevent the U.S. from selling its Bitcoin holdings.Recommend using cryptocurrency to address U.S. debt issues.Reduce the sentence of Silk Road founder Ross Ulbricht.




Throughout his campaign, Trump has redefined his stance on cryptocurrency, moving from skepticism to open support. His promises have sparked excitement and optimism within the crypto community, marking a potential turning point for digital assets in the U.S.
Boris Bohrer-Bilowitzki, CEO of digital identity and regulation firm Concordium, commented,

ā€œTrumpā€™s victory is not only a historic moment in American politics but also hugely positive news for the countryā€™s crypto and digital assets industries.ā€
With the world watching, the crypto industry eagerly awaits to see if these promises will materialize, potentially ushering in a new era of innovation and growth for the U.S.
Here's a detailed explanation and analysis of each of the "Ten Promised New Cryptocurrency Policies" in the context of Donald Trump's vision. This article covers the implications, potential impacts, and controversies surrounding these proposals.
1. Make the United States the Worldā€™s Cryptocurrency Capital
Trump's pledge to establish the United States as a global hub for cryptocurrency suggests significant policy changes aimed at encouraging innovation and investment in blockchain technology. This move could involve streamlining regulatory processes, providing tax incentives, and creating a crypto-friendly environment that attracts companies and talent. By positioning the U.S. as a leader in cryptocurrency, Trump likely aims to increase economic growth, tech innovation, and attract foreign investments. However, this could also mean potential conflicts with traditional financial institutions and global economic policies.
2. Fire SEC Chair Gary Gensler
The firing of SEC Chair Gary Gensler is another policy aimed at shifting the current regulatory landscape. Gensler has been known for his strict approach to cryptocurrency regulation, often pushing for clearer definitions and controls over crypto exchanges and tokens. Trumpā€™s promise to remove Gensler could lead to more relaxed oversight, potentially allowing for increased flexibility within the industry. However, it might also increase risks, as reduced regulation can lead to higher chances of fraud and misuse in the crypto space.
3. Establish a Strategic Bitcoin Reserve
Trumpā€™s proposal to create a national Bitcoin reserve is an unprecedented approach that aligns with the idea of treating Bitcoin as "digital gold." This policy would see the government buying and holding Bitcoin as a hedge against inflation and financial instability. A strategic Bitcoin reserve could theoretically protect the U.S. economy from economic downturns by diversifying its assets. However, it also carries risks due to the volatility of Bitcoin, and this could be controversial among policymakers who favor traditional assets like gold or U.S. Treasury bonds.
4. Prevent the U.S. from Selling its Bitcoin Holdings
To complement the establishment of a strategic Bitcoin reserve, Trump proposes preventing the sale of $BTC Bitcoin holdings. This policy underscores a commitment to long-term investment in digital assets. By preventing the sale, the government would essentially "hold" Bitcoin as a strategic asset. The drawback here is that Bitcoinā€™s price volatility could lead to substantial fluctuations in the value of these holdings, posing risks to the nationā€™s balance sheet and potentially impacting the dollar's stability.
5. Halt Further U.S. Government Development of a CBDC
The halt on Central Bank Digital Currency (CBDC) development reflects concerns over government surveillance and control of financial transactions. CBDCs are digital versions of national currencies, and their development could give the government significant oversight over financial transactions. Trumpā€™s stance suggests a preference for decentralized financial systems over government-controlled digital currencies. While this might appeal to privacy advocates and the crypto community, it could delay modernization efforts within the U.S. financial system, potentially impacting competitiveness with nations pursuing CBDCs, like China.
6. Propose a Comprehensive Cryptocurrency Policy
This policy points towards a holistic approach to crypto regulation, which would cover areas like taxation, consumer protection, fraud prevention, and financial stability. A comprehensive cryptocurrency policy could bring clarity and structure to the industry, offering guidelines for companies, investors, and users. By setting a clear framework, the government could reduce uncertainty and foster responsible growth in the sector. However, developing such a policy would require careful balancing between innovation and regulation, ensuring protection without stifling growth.
7. Cease Hostilities Against Cryptocurrency Within an Hour of Taking Office
The promise to ā€œcease hostilitiesā€ against cryptocurrency implies a significant pivot from the current regulatory environment. This could involve halting enforcement actions against crypto companies and making the regulatory environment more favorable to crypto businesses. Such a policy could lead to rapid expansion in the industry, potentially boosting the economy. On the downside, too much leniency could increase the risks of fraud and financial crimes associated with cryptocurrencies.
8. End the U.S. Government's Unlawful Crackdown on the Crypto Industry
The commitment to end what Trump refers to as the ā€œunlawful crackdownā€ on crypto implies that he views current regulatory actions as excessive. This could mean ending investigations, lawsuits, and penalties against cryptocurrency companies. For crypto advocates, this approach represents a pro-business stance that could lead to rapid industry growth. However, critics argue that without strict oversight, the crypto space may become prone to fraud, scams, and illegal activities.
9. Recommend Using Cryptocurrency to Address U.S. Debt Issues
This proposal suggests that Trump sees potential in cryptocurrencies as a tool for national finance. For example, he may propose ways to integrate digital assets into government finances, such as using crypto in Treasury operations or accepting Bitcoin for tax payments. However, this is controversial, as cryptocurrency's volatility could create unpredictable impacts on the nationā€™s financial health. Additionally, integrating crypto into national debt management could face resistance from economists who prioritize stability in national financial strategies.
10. Reduce the Sentence of Silk Road Founder Ross Ulbricht
The promise to reduce the sentence of Ross Ulbricht, the founder of the Silk Road marketplace, is an appeal to libertarian values within the crypto community. Ulbricht's case is symbolic, as Silk Road was a major black market that used Bitcoin for transactions. Reducing his sentence would likely signal support for more lenient laws around the use of cryptocurrencies. However, this is a highly controversial stance, as many see Ulbrichtā€™s sentence as a deterrent to illegal activities conducted using crypto.
Conclusion: Potential Impacts and Challenges
Trumpā€™s proposed policies suggest a shift towards a more crypto-friendly U.S. government, potentially transforming the country into a hub for digital assets. While these policies could attract investment and foster innovation, they also carry risks such as increased volatility, potential for financial crimes, and challenges to traditional financial structures. Implementing these policies would require balancing innovation with security, ensuring that the U.S. remains competitive while protecting its financial system and citizens.
#TradingMadeEasy #TrumpCryptoSupport #TrumpInPump #BTCā˜€ #ETHšŸ”„šŸ”„šŸ”„šŸ”„
Robert F. Kennedy Jr.'s promise to purchase $615 billion worth of Bitcoin if he becomes president is a bold and unprecedented move. Here are some potential impacts and considerations: 1. Market Impact: Such a large purchase could significantly drive up the price of Bitcoin due to the sudden increase in demand. This could lead to a Bitcoin bull market. 2. Supply Concentration: Acquiring 9.4 million Bitcoins, approximately 45% of the total supply, would give the US significant influence over the Bitcoin market, potentially leading to concerns about centralization and market manipulation. 3. Regulatory Environment: This proposal could lead to changes in the regulatory environment for cryptocurrencies in the US, potentially fostering a more favorable atmosphere for crypto investments and businesses. 4. Public Perception: It could boost the perception of Bitcoin as a legitimate and valuable asset, possibly encouraging more individuals and institutions to invest in it. 5. Economic Policy: Integrating Bitcoin into the national reserves would represent a major shift in economic policy, potentially impacting the US dollar and global financial markets. However, such a move also carries risks and uncertainties: - Volatility: Bitcoin's price volatility could pose risks to national reserves. - Implementation: The logistics of purchasing and storing such a large amount of Bitcoin securely would be complex. - Political Feasibility: Gaining the necessary political support to implement this plan could be challenging. Overall, this proposal underscores the growing importance and influence of cryptocurrencies in global finance and politics. How do you think this promise will affect Kennedy's campaign and the broader political discourse around cryptocurrency?#BinanceTurns7 #TrumpInPump $BTC #Write2Earn! {future}(BTCUSDT)
Robert F. Kennedy Jr.'s promise to purchase $615 billion worth of Bitcoin if he becomes president is a bold and unprecedented move. Here are some potential impacts and considerations:

1. Market Impact: Such a large purchase could significantly drive up the price of Bitcoin due to the sudden increase in demand. This could lead to a Bitcoin bull market.
2. Supply Concentration: Acquiring 9.4 million Bitcoins, approximately 45% of the total supply, would give the US significant influence over the Bitcoin market, potentially leading to concerns about centralization and market manipulation.
3. Regulatory Environment: This proposal could lead to changes in the regulatory environment for cryptocurrencies in the US, potentially fostering a more favorable atmosphere for crypto investments and businesses.
4. Public Perception: It could boost the perception of Bitcoin as a legitimate and valuable asset, possibly encouraging more individuals and institutions to invest in it.
5. Economic Policy: Integrating Bitcoin into the national reserves would represent a major shift in economic policy, potentially impacting the US dollar and global financial markets.

However, such a move also carries risks and uncertainties:
- Volatility: Bitcoin's price volatility could pose risks to national reserves.
- Implementation: The logistics of purchasing and storing such a large amount of Bitcoin securely would be complex.
- Political Feasibility: Gaining the necessary political support to implement this plan could be challenging.

Overall, this proposal underscores the growing importance and influence of cryptocurrencies in global finance and politics. How do you think this promise will affect Kennedy's campaign and the broader political discourse around cryptocurrency?#BinanceTurns7 #TrumpInPump $BTC #Write2Earn!
Trump's head-spinning turnabout on cryptocurrencyFormer President Trump likes cryptocurrency now ā€” a lot, which is a surprise to anyone who has been following the industry's political fortunes. Why it matters: The cryptocurrency industry, which may not have that many people but definitely has a lot of money, has never been more politically organized as the U.S. heads into a presidential election. This contrasts the administration of President Biden, which has been seen as primarily hostile to cryptocurrency so far.However, at the congressional level, there's been a sudden thawing of frosty opinions on crypto. Leaders on both sides of the aisle appear to be following Trump's lead in wooing the industry. The latest: "Our country must be the leader in the field. There is no second place," Trump wrote on Truth Social this week. The former president invited holders of his NFT series to his home in Florida, at Mar-a-Lago, where he committed to end the regulatory hostility to the industry if re-elected.Then at the Libertarian national convention, he made promises to free Ross Ulbricht, convicted for creating the Dark Web marketplace, the Silk Road.He also promised he would free Julian Assange, the embattled creator of the website Wikileaks. By the numbers: In filings last year, Trump disclosed a million dollars in holdings of ether, with a few million more dollars in cryptocurrency income. Arkham Intelligence, which attempts to link digital addresses to real people, said that a wallet it believed to be Trump's now holds assets worth more than $10 million.The most valuable asset in that wallet is actually holdings of the Trump (MAGA) token, which is up almost 50X this year (not to be confused with the Solana memecoin, TREMP). Flashback: In July 2019, then-President Trump tweeted that he was no fan of Bitcoin. He said the dollar was the only real currency in the USA. It went further than that. Late in his presidency, the Financial Crimes Enforcement Network (FinCEN) proposed a regulation that would have required financial firms to collect the identity of any cryptocurrency wallet a user sent funds to (in government parlance, an unhosted wallet). At the time, then-Treasury SecretarySteven Mnuchin said: "As the President has said, Bitcoin is highly volatile and based on thin air. We are concerned about the speculative nature." The initiative ultimately went nowhere. Zoom out: Congress has shown itself as more willing to consider voting on comprehensive cryptocurrency legislation. The House has sent the Senate one piece of relevant legislation, and a bipartisan duo of Senators has its own package.Politically, the ground has lurchedbeneath purveyors of digital assets. What we're watching: Whether or not the crypto community donates a lot of its coins to the Trump campaign, now that he is actually accepting such contributions. And how many other campaigns will also open up to cryptocurrency donations. $BTC $USDC $DODO #TrumpInPump #TrumpCryptoSupport #trumpdoge

Trump's head-spinning turnabout on cryptocurrency

Former President Trump likes cryptocurrency now ā€” a lot, which is a surprise to anyone who has been following the industry's political fortunes.
Why it matters: The cryptocurrency industry, which may not have that many people but definitely has a lot of money, has never been more politically organized as the U.S. heads into a presidential election.
This contrasts the administration of President Biden, which has been seen as primarily hostile to cryptocurrency so far.However, at the congressional level, there's been a sudden thawing of frosty opinions on crypto. Leaders on both sides of the aisle appear to be following Trump's lead in wooing the industry.
The latest: "Our country must be the leader in the field. There is no second place," Trump wrote on Truth Social this week.
The former president invited holders of his NFT series to his home in Florida, at Mar-a-Lago, where he committed to end the regulatory hostility to the industry if re-elected.Then at the Libertarian national convention, he made promises to free Ross Ulbricht, convicted for creating the Dark Web marketplace, the Silk Road.He also promised he would free Julian Assange, the embattled creator of the website Wikileaks.
By the numbers: In filings last year, Trump disclosed a million dollars in holdings of ether, with a few million more dollars in cryptocurrency income.
Arkham Intelligence, which attempts to link digital addresses to real people, said that a wallet it believed to be Trump's now holds assets worth more than $10 million.The most valuable asset in that wallet is actually holdings of the Trump (MAGA) token, which is up almost 50X this year (not to be confused with the Solana memecoin, TREMP).
Flashback: In July 2019, then-President Trump tweeted that he was no fan of Bitcoin. He said the dollar was the only real currency in the USA.
It went further than that. Late in his presidency, the Financial Crimes Enforcement Network (FinCEN) proposed a regulation that would have required financial firms to collect the identity of any cryptocurrency wallet a user sent funds to (in government parlance, an unhosted wallet).
At the time, then-Treasury SecretarySteven Mnuchin said: "As the President has said, Bitcoin is highly volatile and based on thin air. We are concerned about the speculative nature."
The initiative ultimately went nowhere.
Zoom out: Congress has shown itself as more willing to consider voting on comprehensive cryptocurrency legislation.
The House has sent the Senate one piece of relevant legislation, and a bipartisan duo of Senators has its own package.Politically, the ground has lurchedbeneath purveyors of digital assets.
What we're watching: Whether or not the crypto community donates a lot of its coins to the Trump campaign, now that he is actually accepting such contributions.
And how many other campaigns will also open up to cryptocurrency donations. $BTC $USDC $DODO #TrumpInPump #TrumpCryptoSupport #trumpdoge
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