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.


Expert Predicts the Era of Ethereum: Implications explained

Insights on the "Age of Ethereum" by Ryan Berckmans: A Game-Changer for Blockchain Technology? The Age of Ethereum: Prominent Investor Boldly Predicts Ethereum's Rise Amidst...

Rural Kentuckians continue to wait for noise relief as they look to Arkansas’ new crypto mining law – Kentucky Lantern

Noise Concerns and Regulation Challenges Surrounding Cryptocurrency Mining Operations in Rural Kentucky The quiet rural community of Wolfe County in Kentucky has been disrupted by...

Binance’s Key Move Puts AVAX and MATIC Under Pressure

Binance Delists AVAX and MATIC's TUSD Trading Pair: Price Pressure Expected Binance Delists AVAX and MATIC’s TUSD Trading Pair, Price Pressure Expected In a recent move...

Donald Trump scheduled to address Bitcoin conference

Trump to Speak at Bitcoin Conference in Nashville: Will Crypto Community Support Him in the Election? The upcoming Bitcoin Conference in Nashville, Tennessee is set...

Most Popular