I find it difficult to believe it has to do with the US regulation of crypto. These movements are made by whales, and were made for decades before regulation was in place. US citizens already have the dollar as a store of wealth so they need bitcoin less. If anything i expect a "sell the news" after this crypto week
Look at why cryptocurrency hasn’t had much real-world adoption: almost nobody must have it. A strong fiat currency like the USD has tons of built in demand from the economy which uses it and all of the people who get paid or pay the government, but a weak fiat currency like bitcoin is highly volatile because it doesn’t have that baseline volume stabilizing things.
The speculators are hoping that Trump will give them what they’ve been hoping for: officially-backed demand. That helps with both volatility and simple volume, and if it comes with exemptions for some of the anti-money laundering or gambling policies it could allow some of the businesses which have stayed out of the American market to come in and drum up business.
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I find it difficult to believe it has to do with the US regulation of crypto. These movements are made by whales, and were made for decades before regulation was in place. US citizens already have the dollar as a store of wealth so they need bitcoin less. If anything i expect a "sell the news" after this crypto week
Look at why cryptocurrency hasn’t had much real-world adoption: almost nobody must have it. A strong fiat currency like the USD has tons of built in demand from the economy which uses it and all of the people who get paid or pay the government, but a weak fiat currency like bitcoin is highly volatile because it doesn’t have that baseline volume stabilizing things.
The speculators are hoping that Trump will give them what they’ve been hoping for: officially-backed demand. That helps with both volatility and simple volume, and if it comes with exemptions for some of the anti-money laundering or gambling policies it could allow some of the businesses which have stayed out of the American market to come in and drum up business.