The election of Donald Trump, a supporter of cryptocurrencies, pushed Bitcoin past $75,000. With his promises of deregulation and financial support, he aims to make the United States the global center of bitcoin, garnering support from figures like Elon Musk.
As Donald Trump’s victory took shape, Bitcoin’s price continued to rise, until it briefly surpassed $75,000, a level never seen before. This enthusiasm is not surprising given the choice of an ardent defender of cryptocurrencies.
This new addition to Bitcoin and, in turn, most others Virtual currenciesVirtual currenciesexplained quite simply, Donald Trump has positioned himself as an ardent defender of cryptocurrencies in general. During his campaign, he often promised to make America ” The Bitcoin Capital of the World » If he is elected.
Passionate defender of cryptocurrencies
To achieve this goal, it has already proposed to revise the restrictions on cryptocurrencies by easing them. For example, he could start by replacing the president of the US Federal Financial Markets Regulator and Supervisor (SEC) with a regulator more favorable to cryptocurrencies.
Donald Trump may also decide to exempt capital gains tax to encourage investment in cryptocurrencies. It will also no doubt encourage US companies to adopt Bitcoin and other virtual currencies in their transactions, as Tesla has already experienced, for example.
Motivated and confident investors
Not surprisingly, big names in the field have backed the billionaire’s campaign. Its most ardent supporter, Elon Musk, is also known to have long encouraged the development of this type of currency. After all, Donald Trump himself recently launched his own cryptocurrency platform. World Liberty Financial.
Candidate Trump’s promises of deregulation and his personal actions in the sector have therefore helped to boost demand and investor confidence, thus boosting bitcoin’s price. And it’s probably not over yet…
