Donald Trump has posted a video on X, declaring "crypto is the future" and calling on people to "embrace this incredible technology and lead the world in the digital economy."
In the video, which he called "big news," Trump directed people to the website of his new crypto project, World Liberty Finance, despite the website struggling to stay online.Only $9 million worth of the new cryptocurrency have been sold, it was reported by Coindesk, badly missing estimates of $300 million worth of sales.
Within a month of the presidential election, many in the crypto industry are skeptical about the timing and substance of Trump’s venture," Lorenzo Valente, research associate at bitcoin, crypto and tech investor Ark, said in emailed comments, adding the platform's hiring of experienced crypto advisors had somewhat dampened criticism.
Kendrick has previously put his bitcoin price prediction at $125,000 per bitcoin if Trump retakes the White House compared to $75,000 under vice president and Democratic Party candidate Kamala Harris.
