Crypto investors are looking to the presidential elections of 2024, and some have invested in Donald Trump’s reelection. Former US President Donald Trump has taken on the title of “The”. “crypto president,” The new crypto era in finance has begun with promises made by Trump during his presidential campaign. Donald Trump’s cryptocurrency such as Bitcoin, and even his own NFT and these assets will rally if NFT is elected.
A report by The Financial TimesDonald Trump could spark a Bitcoin rally, if elected as president. Bitcoin has exploded in 2024, largely due to the arrival of Bitcoin ETFs (exchange-traded-funds). Bitcoin has reached its highest value ever in March since the ETFs launched in January. It hasn’t dropped below $60,000 in the past.
Solana ETFs are the latest in a long line of ETFs, which includes Ethereum. It is expected that other ETFs for XRP, and others will be released soon. The market is looking for some spark. “crypto president” Donald Trump might be the boost you need.
Also Read: Top 3 Cryptocurrencies To Watch This Weekend Amid The Dip
Donald Trump Will Cause Bitcoin Boom this November?
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/07/Donald-Trump-to-Spark-a-Bitcoin-Rally-in-the-Second.jpg)
FT reports that the optimism is based on two perspectives: the perception that Trump will be the candidate who promotes cryptocurrency and the belief that his policies would make bitcoins more attractive to the rest of the world. Trump has already accepted cryptocurrencies like Bitcoin, Ether, SHIB, etc. as donations for his campaigns. His consistent statements in recent months that he supports cryptocurrency, and the success of the NFT all add up to a crypto-world benefiting from his victory.
According to his Truth Social Platform, Trump stated that Bitcoin Is the Nation’s “last line of defense against a CBDC.” This post has ensured Bitcoin’s growth as a point of campaigning for Trump. Top crypto-industry members also support the former president. The former president was re-elected last month. Gemini Crypto Exchange Cameron Winklevoss & Tyler Winklevoss have donated $2M (or 30.94M BTC) in Bitcoin to the campaign.
According to the amount of support that he gave and has gained in recent months, it’s evident that the former President Trump, of the two main candidates, is most crypto-driven. Bitcoin’s value could temporarily increase if Trump is elected. Bitcoin’s value could increase if the ex-President continues to show his support for crypto. This would also boost the market in 2025.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru