Donald Trump will announce a substantial $70 billion investment plan focused on AI and energy in Pennsylvania this Tuesday, hosted outside Pittsburgh by Republican Senator McCormick.
Trump's Investment Plan
During the event, Trump will reveal the details of his $70 billion investment plan, which includes a $25 billion allocation from Blackstone for data centers and energy infrastructure development.
Impact on Cryptocurrency Market
Market responses to the announcement have been mixed, but crypto traders generally see this as a positive sign for risk assets such as Bitcoin and Ethereum. Analysts at Deutsche Bank warn about the potential consequences of undermining the Federal Reserve's independence, noting that "the empirical and academic evidence on the impact of a loss of central bank independence is fairly clear."
Outlook on Fed Rate Cuts
Trump has called for the Federal Reserve to cut interest rates below 1%, which is expected to stimulate the economy. Historically, sharp rate cuts have often favored Bitcoin and Ethereum, leading to price increases driven by macroeconomic optimism.
Trump's investment plan highlights his focus on technological innovation and potential changes in monetary policy. Its impact on markets, particularly cryptocurrencies, will become clearer in the coming months.
