Before Trump’s election, he called for building a “cryptocurrency capital” and Bitcoin prices hit a new high
The U.S. presidential election saw Trump return to the White House again, affecting the global economy. The market is waiting to see the U.S. economic data to be released this week, and the U.S. stock market has retreated from its consecutive gains. The four major indexes all closed in the black, as investors pondered the impact of Trump's decisions after taking office. Trump's support for cryptocurrency has caused the price of Bitcoin to rise by more than 30% since the election, once reaching a record high of nearly $90,000.
Compared with the Biden administration’s strong crackdown on cryptocurrencies, the Trump administration is expected to lower corporate taxes and relax regulations. Trump plans to build the United States into a global center for crypto capital, threatening to fire him on his first day in office. U.S. Securities Exchange Committee Chairman Gary Gensler.
In fact, during Trump's first term as president, he once said that he did not like Bitcoin and believed that it would affect the hegemony of the US dollar. However, under the lobbying of cryptocurrency investors, Trump changed his attitude and accepted cryptocurrency donations. He even went to a Bitcoin store in New York. Bitcoin themed bar, use Bitcoin to buy burgers. The then Republican presidential candidate Trump (9.18) said: "What is your impression of the Bitcoin themed bar? I think this is a great place. I just did my first trip with Bitcoin." A deal." Trump has given the green light to virtual currencies. Governments and investors around the world are paying close attention to whether Trump will cash his pre-election check.
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