Family, a revenge drama more dramatic than a TV series has begun! The Trump family revealed that they have been collectively 'blocked' by banks across the U.S., which has infuriated 'Goldilocks' Trump. His eldest son admitted that this is the reason for Trump hoarding Bitcoin and supporting cryptocurrency; a 'revenge storm' declaring war on traditional finance using digital currency has arrived!
First, let's talk about the 'evil deeds' of the banks. Due to political stance, the five major Wall Street banks cut off the Trump Organization's loan access and even closed their checking accounts. In 2021, the $900 million debt of Trump Tower was due, but traditional finance closed its doors to Trump, leaving him unable to borrow a single penny.
How could Trump tolerate this? He directly awakened, thinking: 'If you won't let me play with traditional currency, I'll create my own financial system!' This is akin to a village tycoon being cut off by a money lending shop, and in a fit of anger, he opens his own bank.
Trump's counterattack is fierce, launching the 'Crypto Revenge Triple Play.' First, he physically hoards coins, publicly admitting to holding Bitcoin, and frantically buying TRUMP MEME coins, which surged 5800% in three months. Second, he drops a policy bomb, promising to pardon the founder of the Silk Road if elected, and he plans to create an American sovereign blockchain to counter CBDC. Third, he creates a money-making machine, issuing an NFT series that raked in $250 million, with part of the proceeds converted to Bitcoin.
This presents an opportunity for retail investors; following Trump’s 'revenge war machine' could lead to unexpected gains. The 2024 election is a remote control for Bitcoin prices; every time Trump mentions support for cryptocurrency, the price skyrockets. In May, when he expressed support, Bitcoin rose 7% in a single day; in June, opposing CBDC, Bitcoin broke through $70,000.
There are currently three major ambush points: $TRUMP MEME coins, which surge every time Trump tweets; Bitcoin mining stocks, as Trump promised tax cuts and energy subsidies if elected, causing stock prices to soar; and the concept of swing states for cryptocurrencies, with Arizona and Florida possibly becoming policy testing grounds.
This 'revenge' is sure to rewrite financial history. A 78-year-old presidential candidate wields cryptocurrency as a weapon of revenge, while traditional banks seal their own fate, creating the strongest adversary. The 2024 election is not just about the U.S. elections; it is a 'nuclear war' between old financial hegemony and a new world of cryptocurrency!
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