HomeBitcoinTrump and the Federal Reserve May Cause a $4 Trillion Surge in...

Trump and the Federal Reserve May Cause a $4 Trillion Surge in Bitcoin Prices

-


Bitcoin Price Surge and Potential Impact of U.S. Fiscal Dominance and Trump Administration

The Bitcoin price has hit a roadblock after a strong comeback last week, with some traders speculating on a potential “absolutely enormous” earthquake in China that could shake up the market. Currently trading at around $62,000 per bitcoin, the price has surged nearly 50% since the start of the year as investors brace for a possible shock from a sovereign wealth fund bombshell.

Elon Musk has issued a warning about the potential collapse of the U.S. dollar, while former U.S. president Donald Trump and the Federal Reserve are being eyed as potential catalysts for a surge in the Bitcoin price to $200,000 by 2025. This would give the cryptocurrency a market capitalization of around $4 trillion, according to one analyst.

Geoff Kendrick, Standard Chartered’s head of FX and crypto research, believes that the risk of U.S. fiscal dominance, with the Fed monetizing government debt, is increasing. This scenario could drive investors towards digital assets like Bitcoin as a hedge against de-dollarization and declining confidence in the U.S. Treasury market.

Despite Trump’s previous skepticism towards Bitcoin and cryptocurrencies, he has recently softened his stance and even used Ethereum and other cryptocurrencies to issue digital trading cards to his supporters. With the upcoming elections, Bitcoin and cryptocurrencies are expected to play a significant role, with a growing number of voters in swing states considering crypto policies as a key factor in their decision-making process.

Overall, the future of Bitcoin remains uncertain, but with potential seismic shifts in the market and the involvement of key players like Trump and the Federal Reserve, the cryptocurrency could be in for a wild ride in the coming years.

LATEST POSTS

Embracing a Thriving Digital Economy in Morgan Hill

Embracing Blockchain and Crypto: A Path to Prosperity for Morgan Hill and South Silicon Valley Morgan Hill Embraces Blockchain and Crypto to Thrive in the...

Binance CEO Richard Teng Sheds Light on Billion Users Roadmap

Binance CEO Richard Teng Reveals Plans to Reach Billions of Users as Binance Hits 200 Million User Milestone Binance CEO Richard Teng Sets Sights on...

Is Ethereum (ETH) on Track to Reach $4K or Drop to $3.4K This Week?

Analysis of Ethereum Price Movement and Market Sentiments Title: Ethereum Price Faces Bearish Sentiment Amid Crypto Market Volatility The cryptocurrency market leader, Bitcoin, failed to maintain...

Bakkt Reportedly Exploring Sale of Cryptocurrency Platform

Bakkt Considers Putting Itself Up for Sale amid Industry Turmoil Digital asset marketplace Bakkt is reportedly considering putting itself up for sale, according to a...

Most Popular