Is Donald Trump’s Pro-Bitcoin Stance Merely Political? CryptoQuant CEO Weighs In

Quick Summary:

Following the US elections in November, the crypto community has remained elated as pro-Bitcoin (BTC) and pro-crypto candidate Donald Trump emerged as the US President-elect. During the course of an extensive campaign, Trump voiced clear support for the crypto industry with promises of introducing favorable policies including a national bitcoin reserve if elected.

At the time of writing, BTC trades at $95,259 reflecting a 0.76% gain in the last day.

Albeit, Young Ju says that current market sentiment indicates that such a threat is non-existent with the US dollar still experiencing significant capital inflows.

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Article Details

Author / Journalist: Semilore Faleti

Category: Crypto

Markets: Hungary

Topics: Bitcoin Donald Trump Ki Young Ju National bitcoin reserve BTCUSDT CryptoQuant Btcusd Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-29 @ 14:00:57 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 430 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 18 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 24723994

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 8 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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