Trump Says Bitcoin Will 'Skyrocket Like Never Before' If He Returns To The White House, Promises To Fire SEC Chair Gary Gensler On Day 1
Portfolio Pulse from Aniket Verma
Former President Donald Trump, speaking at the Bitcoin 2024 conference, promised that Bitcoin would 'skyrocket like never before' if he returns to the White House. He also pledged to fire SEC Chair Gary Gensler on his first day in office, which has generated significant excitement in the cryptocurrency community.
July 29, 2024 | 1:37 am
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POSITIVE IMPACT
Trump's promise to fire SEC Chair Gary Gensler and his bullish stance on Bitcoin could lead to a significant short-term price increase for Bitcoin.
Trump's statements are likely to boost investor confidence in Bitcoin, especially given his historical impact on the cryptocurrency's price during his previous term. The promise to replace a perceived crypto-hostile SEC Chair with a more favorable one could further drive positive sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100