To be honest, when I saw the news about Trump embracing Bitcoin, I was quite surprised. Back in the day, he was very critical of Bitcoin, calling it 'air coin,' and now he has made a complete 180-degree turn and started accepting Bitcoin donations!

I think there are several key reasons behind this. First, we have to admit that Bitcoin's influence is indeed significant. Look, Wall Street giants like BlackRock and Fidelity have entered the market and launched Bitcoin ETFs, which has directly promoted the popularity of Bitcoin. Moreover, Bitcoin's scarcity is evident; there will only ever be 21 million coins, and once mined, there will be no more. This scarcity, combined with the increasing market demand, has driven its value up.

Furthermore, with the upcoming U.S. elections, gaining the support of young voters is crucial. Cryptocurrency is very popular among young people, and Trump's team has certainly noticed this. Embracing Bitcoin will undoubtedly help him win more votes from the youth.

Of course, this shift also reminds us that the cryptocurrency market changes rapidly. Just like Michael Saylor, the founder of MicroStrategy, whose strong belief in Bitcoin has influenced many. The attitude shifts of the big players might trigger market volatility. Therefore, we ordinary investors should remain rational and not blindly follow trends. Remember, investing carries risks; doing your homework before entering the market is the way to go!