In three days, Trump will be inaugurated. As the first president to support cryptocurrencies, how did he go from resistance to endorsement?
👉 Trump is about to become the first U.S. president to endorse cryptocurrency, but many may have forgotten that during his previous term, he viewed cryptocurrencies as a 'dangerous beast'.
Let’s take a look at the changes Trump underwent from resistance to endorsement.
Through the 'Presidential Selection' and 'Son’s Selection', we can see the Trump family's taste in selected projects, which are mostly 'U.S.-based'. Even in the crypto space, there may be elements of trade protectionism.🤣
The most important reason for Trump’s change in attitude is the increasing influence of cryptocurrencies in the U.S. Cryptocurrency investors have become a significant voting bloc, and the approval of Bitcoin ETFs has attracted more speculative capital into the crypto market.
Rather than thanking Trump for his endorsement, we should thank those who persist and build in the crypto community, allowing cryptocurrencies to achieve their current status.
—— As the inauguration of the new president approaches, it is essential to pay more attention to market fluctuations caused by policy changes.
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