🔥 The Trump administration is 'turning on' its crypto-friendly mode!
Donald Trump is intensifying his ambition to make the U.S. the global 'crypto mining capital'! 🌎 With policies reducing industry oversight and encouraging #Bitcoin mining, the U.S. crypto market is hotter than ever. #BTC just hit $111K and is predicted to break $112K if policies remain favorable. But behind the glamour is a billion-dollar drama causing a storm! 😱
💥 The Trump family and the super-profitable crypto deal
The Trump family is facing heavy criticism for making $320 million from the $TRUMP memecoin and a massive $2 billion deal with the Abu Dhabi fund and Binance through the World Liberty Financial project (issuing stablecoin USD1). 😳 Data shows:
• 764,000 retail wallets have incurred heavy losses when investing in $TRUMP.
• Meanwhile, only 58 whale wallets have earned over $10 million each, raising suspicions of manipulation.
The community on X calls this the 'path of corruption', with many questioning: Is Trump promoting crypto for the common good or just to enrich his family? 🤔
⚖️ Opportunity or risk for the market?
✅ Opportunity:
• Friendly policies are attracting institutional money, with $40 billion flowing into crypto ETFs in May.
• #BTC mining is strongly supported, which could help the U.S. lead in this industry. ⚡
• The GENIUS Act (currently progressing in the Senate) could pave the way for a stablecoin boom, creating opportunities for investors. 🚀
❌ Risk:
• Conflicts of interest from Trump's projects are shaking investor trust. Retail investors are suffering significant losses with the $TRUMP memecoin. 😢
• If this week's U.S. economic indicators (FOMC Minutes, GDP, PCE) show high inflation, #BTC and the crypto market may face strong selling pressure. 📉
• The community on X warns: '$TRUMP is a trap for retail investors!' ⚠️
📊 Notable data:
• $TRUMP memecoin: The price has plummeted from its peak, with 98% of retail investors in the red, according to blockchain data.
• The $2 billion deal: Involving the Abu Dhabi fund and Binance, but lacking transparency, raising concerns about legality.
• The BTC mining market: The U.S. currently accounts for 35% of the global hashrate, up 10% from last year thanks to Trump's policies.
💡 Market insights:
The Trump administration is creating a huge opportunity for crypto, but the drama surrounding $TRUMP and related projects may undermine investor confidence. This week, closely watch the FOMC Minutes (05/28), Q1 GDP (05/29), and PCE (05/30), as they could cause #BTC to fluctuate significantly. If inflation decreases, the crypto market could surge, but if the Fed maintains a 'hawkish' tone, be prepared for turbulence! 🌊
📢 What do you think? Is Trump the 'crypto hero' or leading the market into a trap? Is $TRUMP worth the investment or just a 'bait'? Share your thoughts and predictions for #BTC this week! 🗳️
⚠️ Note: Crypto is a high-risk playground. Research thoroughly and only invest what you are willing to lose!
