Trump's election victory has sparked discussions on his impact on the crypto market. The new president is expected to propose measures favorable to crypto investors.
Trump and Cryptocurrencies
Bitcoin (BTC) price recently surged from $90,500 to $92,000 within minutes. One reason for this increase is Trump's consideration of acquiring the cryptocurrency trading platform Bakkt, associated with his media company.
Supporting Investors
Trump is actively working with the WLFI DeFi project. Plans also include holding a meeting with the CEO of Coinbase to discuss strategies favorable to investors. This is part of his efforts to mitigate the regulatory policies of the previous administration.
Cryptocurrency Instability
Despite Bitcoin's positive trend, it's important to remain aware of the unpredictable nature of cryptocurrencies. Even with a minimal chance of negative developments, a crash can occur at any moment.
Trump's steps in the field of cryptocurrencies promise significant changes in the market. However, investors should be prepared for instability while keeping an eye on future decisions from the administration.
