Crypto YY
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Musk's vote to form the 'American Party' is going viral! With Trump’s bill taking effect, what impact will this have on the crypto space?
??? Musk is making big moves again – initiating a vote online to establish the 'American Party,' with over 1.08 million participants and 64% in support! This is directly linked to the 'big and good' tax bill that Trump just signed. Musk previously stated: once the bill passes, he will immediately form a new party and criticized the lawmakers supporting the bill as 'shameless.'
What impact does this have on the crypto space?
Old Y's Brief Thoughts
Where will the money go? Will cryptocurrency prices soar? With Trump signing this bill, the dollar might become 'inflated.' Previously, when the dollar depreciated, many people liked to venture into the crypto space (thinking of preserving value). Moreover, if Musk really forms a party, the uncertainties in U.S. politics will increase, and funds might flow into the crypto space to avoid risks, which could cause cryptocurrency prices to jump a bit.
What impact does this have on the crypto space?
Old Y's Brief Thoughts
Where will the money go? Will cryptocurrency prices soar? With Trump signing this bill, the dollar might become 'inflated.' Previously, when the dollar depreciated, many people liked to venture into the crypto space (thinking of preserving value). Moreover, if Musk really forms a party, the uncertainties in U.S. politics will increase, and funds might flow into the crypto space to avoid risks, which could cause cryptocurrency prices to jump a bit.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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