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Trump's Bitcoin Policy and Its Potential Impact on U.S. Economy

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by Giorgi Kostiuk

a year ago

Recently, Anthony Pompliano expressed hope that Donald Trump's election as U.S. President would change the country's approach to the cryptocurrency market. He also made several notable statements.

Trump's Bold Bitcoin Moves

During the election campaign, Donald Trump promised to create a pro-crypto environment, criticizing the actions of Democrats and the SEC chairman. Pompliano portrayed Trump as a pro-Bitcoin president, emphasizing his promises to protect the rights of cryptocurrency investors, particularly Bitcoin investors.

Creating a National Bitcoin Reserve

There are rumors that Trump plans to create a national Bitcoin reserve soon. According to Pompliano, such a reserve could be established within 100 days.

Bitcoin Growth Outpaces U.S. National Debt

In October, U.S. national debt reached 36 million USD, marking a 1.98% increase compared to August. During this period, the Bitcoin market rose by at least 7.58%. Pompliano believes that Bitcoin can serve as a hedge against rising debt, a sentiment echoed by other experts including Tom Lee.

Trump's support for Bitcoin and growing institutional interest could redefine its role in U.S. policy, heralding a new era for digital assets.

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