- Trump built a significant part of his election campaign around the frenzy associated with crypto
- Now, the spotlight is on him to turn those promises into action
2025, and just a week in, the market’s volatility is palpable. As a crypto investor, I find myself closely watching President Trump’s actions, as his plans to establish the U.S as a ‘crypto capital’ are not just talk on paper anymore. It’s high time for these crypto promises to transition from theoretical discussions to tangible actions.
Just like a business deal
In approximately a week, President-elect Trump will be back at the White House. It’s clear that the Democratic Party’s missteps during the last four years have provided him with another opportunity.
Yet, it was his keen interest in the rapidly expanding cryptocurrency market that provided him with an unbeatable advantage. Consequently, this led to an impressive surge – a bull run – that broke through mental barriers and attracted billions of dollars flooding into the market.
It seems undeniable that Trump’s presidential campaign enjoyed strong support within the cryptocurrency community. Having won the election, it could be expected that they desire some involvement or benefits now.
Initially, we propose the issuance of an executive order aimed at setting up a strategic Bitcoin reserve. This reserve is rapidly transitioning from a daring concept into a critical economic requirement.
Moreover, what’s worth noting is that Trump isn’t stopping at his current efforts; he’s also advocating for more transparent Bitcoin regulations with a focus on safeguarding buyers. To achieve this goal, he has already selected six possible contenders to head the Commodity Futures Trading Commission (CFTC), following the resignation of former Chair Rostin Behnam.
Without a doubt, Trump’s actions are daring. Given the immense pressure at hand, it’s not merely about revitalizing the cryptocurrency market; it’s about a desperate sprint against the clock.
The clock is ticking
What’s causing this sense of immediacy? In the past 24 hours alone, a substantial amount of $89.30 million worth of Bitcoin long positions have been liquidated, and an astounding $380.40 million has disappeared from the crypto market. The recent drop in BTC value – from approximately $102,000 to $91,000 within just three days – highlights the extreme fluctuations we’re witnessing now.
Option 1: Unexpectedly, the market took a sudden dive, providing no advance signals for the investors. This left many unprepared, resulting in substantial losses. Recovering that lost wealth will be challenging and require significant effort.
Option 2: The downturn in the market came out of the blue, without any technical indicators giving investors a heads-up. As a result, many were blindsided, suffering heavy losses. Retrieving the capital that was lost is going to be difficult.
Option 3: Without warning, the market experienced a sharp decline, leaving no room for investors to prepare. This unexpected drop led to substantial losses for many. Reclaiming the lost funds will prove to be an uphill battle.
Option 4: The sudden crash in the market took everyone by surprise, as there were no technical indicators that warned investors of its approach. Consequently, numerous investors faced significant financial losses. Recovering from these losses is going to require a lot of effort and determination.
Attention shifts towards Trump and his impending cryptocurrency regulations, fueling investor optimism due to his ongoing dispute with the Federal Reserve. The possibility of a reduced interest rate becomes more likely.
Nevertheless, the difficulties don’t stop at this point. The proposed tax and budget reductions by Trump could lead to a cash shortage for the government, exacerbating the challenge of addressing the $36 trillion national debt. Approximately $7.6 trillion of this is due in the near future.
This situation could make Trump reconsider raising loan costs, potentially causing another ripple effect in the cryptocurrency world. It’s evident that his actions reach much further than just the crypto market. So, prepare yourself!
Read More
- FLOKI PREDICTION. FLOKI cryptocurrency
- TRB PREDICTION. TRB cryptocurrency
- CAKE PREDICTION. CAKE cryptocurrency
- JTO PREDICTION. JTO cryptocurrency
- XDC PREDICTION. XDC cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- HBAR PREDICTION. HBAR cryptocurrency
- OM PREDICTION. OM cryptocurrency
- Dandadan Shares First Look at Season Finale: Watch
- OKB PREDICTION. OKB cryptocurrency
2025-01-10 09:11