Justin Sun Urges China To Reconsider Crypto Policies As Donald Trump Promises Bitcoin Stockpile
Portfolio Pulse from Khyathi Dalal
Justin Sun, founder of Tron, has urged China to reconsider its cryptocurrency policies following former President Donald Trump's support for Bitcoin. Trump emphasized the need for the US to embrace cryptocurrency to prevent China from gaining dominance in the sector. Sun believes that competition between the US and China over Bitcoin policy will benefit the industry.
July 29, 2024 | 3:38 pm
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Former President Donald Trump's support for Bitcoin and his call for the US to embrace cryptocurrency to prevent China from gaining dominance could positively impact Bitcoin's price. Justin Sun's remarks further highlight the potential for regulatory changes in China, which could also influence Bitcoin's market dynamics.
Trump's endorsement of Bitcoin and his emphasis on the US embracing cryptocurrency to counter China's progress is likely to create positive sentiment around Bitcoin. Additionally, Justin Sun's call for China to reconsider its crypto policies could lead to regulatory changes that benefit Bitcoin.
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