Trump Warming Up To Bitcoin? Ex-President Finds Growing Popularity Of Apex Crypto 'Interesting' But Dollar Remains Favorite
Portfolio Pulse from Mehab Qureshi
Former President Donald Trump, known for his criticism of cryptocurrencies and central bank digital currencies (CBDCs), has shown a softened stance towards Bitcoin (BTC) in a recent Fox News appearance. While still expressing a preference for the dollar, Trump acknowledged Bitcoin's growing popularity and its increasing use in payments, suggesting a potential need for regulation. This marks a notable shift from his previous outright opposition to cryptocurrencies.
February 23, 2024 | 4:50 am
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Donald Trump's softened stance towards Bitcoin, acknowledging its growing popularity and use in payments, could influence public perception positively, potentially impacting Bitcoin's price in the short term.
Trump's comments could lead to a positive shift in public perception towards Bitcoin, especially among his followers or those on the fence about cryptocurrencies. This could increase demand or reduce selling pressure, potentially leading to a short-term price increase. However, the impact might be moderated by the broader market context and other global economic factors.
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