Cryptoverse: Trump's bitcoin stockpile plan stirs debate

Quick Summary:

The Republican presidential candidate's speech was the latest overture in his effort to court crypto-focused voters ahead of November's election and offered a bevy of campaign promises, including a plan for a state bitcoin reserve.

"There's a general view in the industry that both parties are paying much more attention to digital assets," said Raoul Mewawalla, CEO of Mawson Infrastructure Group which operates data centers for bitcoin mining.

Regardless of what happens with a bitcoin stockpile, many market players are happy enough to see crypto becoming a significant campaign talking point.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaUnited States

Topics: /Business/Business News Bitcoin Crypto Donald Trump Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 16:20:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 698 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21953579

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