The impact of Trump’s candidacy in the election on the cryptocurrency market

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The former US president is preparing for the 2024 presidential election. From The impact of Trump’s candidacy in the election on cryptocurrencies read.

The United States will hold another presidential election in 2024. According to the official announcement of Donald Trump, he will be one of the presidential candidates in the next term. After losing to the Democrats in 2020, he will challenge the current US President Joe Biden for the second time. While there is still a lot of time left before the election, Shahid The impact of Trump’s candidacy in the election on the cryptocurrency market Are.

Read more: Removing the restrictions on Donald Trump’s Twitter account; Mr. President Iftikhar returns?

The impact of Trump’s candidacy in the election on the cryptocurrency market

Donald Trump announced his disinterest in Bitcoin and other cryptocurrencies in 2019. Recently, he called this market a kind of fraud. With these interpretations, if Trump sits on the presidential table, it is not clear what will happen to this market.

But this is not the end of the story, because on the other hand, despite his interest, since the end of the Trump administration, the former chief financial regulators appointed by him have been working for companies active in the field of digital assets. Among these people are former Comptroller of the Currency Brian Brooks and former director of the Consumer Financial Protection Bureau Kathy Krininger.

The impact of Trump's candidacy in the election on the cryptocurrency market

In addition, it is worth mentioning that during the four years of Trump’s presidency, the financial markets, especially Bitcoin, experienced their boom. So that the price of this digital currency reached nearly 30 thousand dollars with a growth of 2600% from about 1.100 dollars. Therefore, many are in favor of Trump’s victory The impact of his presidency on the cryptocurrency market are optimistic

In addition, it is worth mentioning that the price TrumpCoinwhich is a meme coin named after the former US president, experienced a 10% increase in the past week as speculations about Trump’s entry into the presidential race increased.

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What do you think about the impact of Trump’s candidacy on the cryptocurrency market? Share your thoughts in the comments section duplicate share

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