Is Trump's Bitcoin Boost Time to Buy and Hold Despite Politics?
Donald Trump endorsed Bitcoin and cryptocurrencies.
Some Democratic lawmakers want their party to support crypto.
Bitcoin investors should consider the political discussion but also find other reasons to acquire and retain it.
Bitcoin is becoming a political issue, like it or not. Former president and current presidential contender Donald Trump was clear on BTC.
Though this may not affect your bitcoin views. Nonpolitical reasons exist to store some Bitcoin for the rest of the decade.
However, the White House may greatly affect BTC prices.
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Therefore, knowing how Trump and other politicians see cryptocurrencies is crucial. Then you can decide whether Bitcoin belongs in your portfolio with confidence.
Trump: ‘Never Sell Your BTC’
I think Saturday afternoon's Bitcoin 2024 conference will be a milestone in crypto history. Vice President and Democratic presidential candidate Kamala Harris skipped that conference. Trump led the conference and gave a memorable address.
Trump's BTC attitude is now obvious. Trump said at Bitcoin 2024, “For too long our government has violated the cardinal rule that every Bitcoiner knows by heart: Never sell your Bitcoin.”
Trump claimed he had a “plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world.” Trump also promised to end Biden and Harris' “anti-crypto crusade”.
About 30 miles from Baltimore. Jeff Bezos has secretly invested in a modest startup at the center of a technological revolution that might transform everything.
Bank of America called the technology “Bigger than fire and bigger than all the revolutions that humanity has seen.”
Additionally, Trump threatened to dismiss SEC Chair Gary Gensler on “Day One.” He promised to make it a “policy of the United States of America to keep 100% of the Bitcoins the U.S. government currently holds or acquires in the future.”
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