Mark Yusko claims Trump is buying XRP, BTC, and HBAR: Will new ETF approvals be coming in the future?

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Mark Yusko of Morgan Creek Capital Management recently revealed Trump's attitude towards cryptocurrencies, disclosing that Trump and his son are heavily investing in assets like HBAR and XRP, which may be approved for ETFs next year. He also stated that Trump is also investing significantly in Bitcoin.

In an interview with Scott Melker, he mentioned that there are even discussions about waiving capital gains tax on cryptocurrencies in the U.S. This move could lead to a significant change in how cryptocurrencies are treated in the U.S. market.

Despite XRP's large market capitalization, Yusko is not optimistic about it. He believes XRP and Cardano lack real development. Unlike Circle's stablecoin (backed by actual U.S. dollars), Yusko thinks these currencies lack true innovation, even though they have high market values.

Leadership supporting cryptocurrencies: A shift in power

Yusko also talked about Trump's visit to Nashville, where he spoke directly with voters. He mentioned Trump's commitments, including firing SEC Chairman Gary Gensler, and how Trump faces pressure to take actions like releasing Ross Ulbricht and creating a Bitcoin strategic reserve.

Yusko believes that the current U.S. leadership largely supports cryptocurrencies. Key figures like Scott Bessent and the new SEC head are friendly towards cryptocurrencies, which could bring positive changes to the industry. This shift may help propel the cryptocurrency market forward.

Yusko stated that this is not just about Trump; the real story is the rise of 'tech billionaires.' These innovators are driving changes that benefit the tech industry and the nation. It's no longer just about political parties; it's about those who want to shape the future among tech leaders.

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