Donald Trump, the US president-elect who will be returning to the White House in the near future, is expected to keep an eye on Bitcoin during his stay. In fact, the new Commander-in Chief views it as “another stock market for him,” According to an Axios report.
Trump’s reelection has brought the nation its first ever crypto-friendly President. The re-election of Trump should also lead to a new wave in favoring crypto regulation. The 47th President has made good on this hope by announcing that David Sacks As the White House’s first crypto-czar.
JUST IN: 🇺🇸 US President-elect Trump “is going to be very focused on the price of #Bitcoin” during his presidency, Axios reports. pic.twitter.com/tZo4kuuyJD
— Watcher.Guru (@WatcherGuru) December 10, 2024
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Trump Will Reportedly Be ‘Very Focused’ on Bitcoin Price in Upcoming Presidency
It is hard to argue that 2024 was the best year ever. Bitcoin’s history. Aset not only became the first Crypto-based ETF but has soared new heights. This asset has reached the six figure mark for the very first time in November.
Donald Trump winning the presidency in 2024 is one of the major reasons BTC has reached record levels. The returning president is also going to keep an eye on Bitcoin during his second tenure. One report states that the President-elect Trump is going to keep an eye on Bitcoin throughout his term.
Please Read This: Bitcoin Surged $31,000 After Trump Won 2024 Election
Axios claims that Trump’s stance on immigration is a concern. “going to be very focused on the price of Bitcoin” During his second term. According to an official transition source, the price of this asset is likely to be of great interest. Sources confirmed that Trump was indeed a key player. “would love for Bitcoin to hit $150,000 early in his presidency.”
Many people expect the token will reach $200,000. This hope is likely to come true. Bitcoin is now the focus on a worldwide scale. Russia has proposed Adoption of a Bitcoin strategic reserve. This could be the start of a new trend, as it sets a precedent for many countries.
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Source: watcher.guru
