The cryptocurrency world is once again in turmoil, as Bitcoin has once again crossed the historically high $100,000 level. This is not only big news for supporters of digital assets, but also an important signal for global financial markets.
Meanwhile, an interesting nexus of American politics and cryptocurrency is emerging. Donald Trump, who is emerging as the leading candidate in the upcoming US presidential election, had made several controversial statements regarding cryptocurrencies during his previous term and campaign. Now the question is, if he becomes President again, will he take some concrete steps regarding his promises and stance on crypto?
Bitcoin’s historic surge
By touching the $100,000 mark, Bitcoin has once again proved that it is the undisputed “king” of the cryptocurrency market. This surge is the result of several factors:
- Increasing interest of investors: The inclination of institutional and retail investors towards Bitcoin is increasing rapidly.
- Global acceptance of crypto: Many countries have taken steps towards adopting Bitcoin as legal tender.
- Impact of US policies:The monetary policies of the Federal Reserve and the position of the dollar have also attracted investors towards Bitcoin.
Trump’s controversial stance on crypto
Donald Trump took a clearly critical stance towards cryptocurrencies during his first presidential term. He called it a “fraud” and “weakening the dollar.”
Trump’s stance was primarily based on the belief that Bitcoin and other cryptocurrencies could challenge the strength of the US dollar. He also said that cryptocurrency can promote crimes.
However, his stance appeared to soften a bit during the 2024 presidential election campaign. He talked about regulation on crypto and said that it should be made “safe and transparent”.
If Trump becomes President, what could happen to crypto?
If Donald Trump becomes US President again, his next steps regarding cryptocurrency will be very important. Let’s look at possible scenarios:
1. Possibility of tighter regulation
The Trump administration may impose strict rules on crypto. Their focus will be on making crypto transactions transparent and secure, so that illegal activities can be prevented.
2. Preference for US dollar
Trump has always given priority to the US dollar. In such a situation, he can try to ensure that the cryptocurrency does not weaken the position of the dollar.
3. Hesitation to legitimize crypto
While many countries are moving toward adopting Bitcoin and other cryptocurrencies, Trump’s administration may shy away from legalizing it completely.
4. Government Policy for Crypto
Trump has indicated in his recent statements that it is necessary to bring crypto under a permanent policy. With this, the crypto market can be regulated in America, which will increase investor confidence.
Expectations of crypto supporters
Cryptocurrency supporters hope that Trump, if elected president, will leave behind his critical stance and adopt a balanced and supportive policy. Clear and stable rules can be made to strengthen the crypto market in America.
Experts believe that if America looks at cryptocurrencies from a positive perspective, it will be beneficial not only for the country, but also for the global crypto market.
Trump’s soft stance on crypto
In recent times, Donald Trump’s stance has appeared a bit soft on crypto. He said they need to understand “the potential of blockchain technology” and how it can benefit the US economy.
The change is a sign of relief for supporters who believe the Trump administration can help advance the crypto industry.
What is the impact of Bitcoin crossing $100,000?
Bitcoin crossing the $100,000 mark is not only a huge achievement, but it is a signal to the world that digital assets could become a big part of the financial system in the future.
- Investor confidence increased: This surge has further increased the confidence of investors in cryptocurrencies.
- America’s role is important: The policies of countries like America on crypto matter even more now.
