As the 2024 US presidential election approaches, the crypto community is abuzz with speculation about the potential impact on digital assets like the Shiba Inu (SHIB). We consulted ChatGPT, an advanced language model, to better understand how Donald Trump's presidency could impact SHIB's value.
ChatGPT insights and predictions
According to ChatGPT: “If Donald Trump wins the presidential election, Shiba Inu (SHIB) could see a significant price increase. Remove one zero, the expected price would be 0.0001, an increase of 329%. Trump's recent support for cryptocurrencies and his administration's deregulatory policies could create a favorable environment for SHIB growth.”
Trump accepts cryptocurrency donations
During a recent event held at Trump's Florida mansion, the presidential candidate announced that his campaign accepts cryptocurrency donations as part of its financial strategy . “If you can't, I'll make sure you can,” he said. Can we donate to the Trump campaign with cryptocurrency? I believe the answer is yes."
This marked a notable change for Donald Trump, who transformed from a crypto skeptic to a crypto advocate.
Trump has expressed doubts about digital currencies, famously tweeting in 2019 that Bitcoin and similar assets are not “real money.” However, his recent statements indicate a changed stance, positioning him as the cryptocurrency champion in the upcoming election.
Furthermore, Trump explicitly urged crypto supporters to vote for him, promoting himself as a tech-savvy alternative to Biden. “If you are pro-crypto, vote for Trump,” he emphasized, making a direct appeal to crypto enthusiasts. Furthermore, he reaffirmed his commitment to supporting crypto businesses in the United States, pledging to prevent their relocation due to regulatory hostility.
Trump's support for cryptocurrency is not new. In 2020, he appointed pro-crypto regulators, including SEC Commissioner Hester Peirce, who has advocated for clear cryptocurrency regulations. Additionally, his administration is working to create a clear regulatory framework for cryptocurrencies, which could lead to increased adoption and investment in Shiba Inu (SHIB).
Besides Trump's potential influence on the cryptocurrency market, SHIB has been listed on several prominent exchanges, including Binance and Coinbase, increasing its reach and growth potential. With a large community and growing adoption, SHIB is well positioned to take advantage of the favorable crypto environment.
In summary, while ChatGPT's prediction is not a guarantee, it highlights the potential impact of a Trump presidency on the cryptocurrency market, especially SHIB. Trump's support for cryptocurrencies, his administration's deregulatory policies, and growing SHIB adoption may have contributed to a significant price increase. As the election approaches, it will be interesting to see how the cryptocurrency market reacts.
