Following former President Donald Trump’s appearance at the Libertarian National Convention, the meme coin associated with his name, maga (TRUMP), has soared more than 30% in the past day. Current statistics show that the meme coin TRUMP is the top-performing cryptocurrency over the last 12 months, boasting a 98,352.40% increase. TRUMP Meme Coin Skyrockets Post-Libertarian […]
Bitcoin News
Trump Campaign Now Accepts Crypto Donations via Coinbase
Former U.S. President and presidential candidate Donald Trump’s campaign now accepts cryptocurrency donations through Coinbase Commerce. The new fundraising page enables federally permissible donors to contribute using any cryptocurrency supported by Coinbase Commerce. President Trump has championed reduced regulations and innovation in financial technology, contrasting with Democrats like Joe Biden and Senator Elizabeth Warren, who […]
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Donald Trump Viewed as ‘America’s First Crypto President’ by Former CFTC Chairman
Former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo has emphasized former U.S. President Donald Trump’s critical role in the cryptocurrency industry, dubbing him “America’s first crypto president” due to the approval of bitcoin futures during his administration. Trump’s crypto stance has evolved significantly since he was in office. ‘Trump May Justifiably Claim to Be […]
Bitcoin News
As TRUMP Coin Surges Over 100% in a Month, Trump’s Crypto Wallet Swells in Value
Over the past week, the meme coin known as maga (TRUMP) has increased by more than 45% against the U.S. dollar, and over the past day, the TRUMP token has climbed more than 7%. Statistics reveal that this rise in value has boosted former U.S. President Donald Trump’s cryptocurrency holdings, with his stash of TRUMP […]
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Bitcoin Magazine CEO: A Trump Victory Will Trigger a Bitcoin ‘Space Race’
David Bailey, CEO of Bitcoin Magazine and crypto aide for the Trump campaign, believes that Trump’s victory in the upcoming election could trigger a bitcoin ‘space race,’ as countries rush to accommodate their policies to align with the U.S. Bailey also stated that they have secured several 7-figure commitments for Trump’s pro-crypto 0 million war […]
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CEO Drops Bombshell: Trump Campaign Eyes Crypto-Friendly Policies
The intersection of cryptocurrency and politics has taken center stage as the potential return to power of former President Donald Trump emerges with a crypto-friendly agenda. The revelation comes from none other than David Bailey, CEO of Bitcoin Magazine, who disclosed his involvement in advising Trump’s campaign to adopt policies favorable to the crypto industry.
Bailey’s Bombshell: Advising Trump For A Pro-Crypto Future
Bailey, a prominent figure in the cryptocurrency community, shocked many when he unveiled his team’s role in guiding Trump’s campaign towards embracing Bitcoin and other digital assets. Bailey revealed that they had proposed a crypto-focused executive order to be signed on Trump’s first day back in office, signaling a significant departure from Trump’s previous skepticism towards cryptocurrencies.
It’s time for Bitcoin to elect the next President of the United States.
— David Bailey
.65m/btc is the floor (@DavidFBailey) May 11, 2024
Trump’s Crypto Evolution: From Skepticism To Embrace
Trump’s shifting stance on cryptocurrencies has been nothing short of remarkable. Once vocal about his disdain for digital assets, Trump now appears open to embracing them, contrasting sharply with President Biden’s purported lack of understanding of the crypto space. This evolution has ignited discussions about the potential impact of a Trump presidency on the crypto industry.
For the past month we have been working with the Trump campaign to develop their bitcoin and crypto policy agenda. We proposed a comprehensive executive order for President Trump to sign on day 1. I will be sharing those details soon. This week Trump took the first step, but…
— David Bailey
.65m/btc is the floor (@DavidFBailey) May 11, 2024
The Divide: Pro-Bitcoin Or Anti-Biden?
Bailey’s announcement has sparked debates within the crypto community, with some viewing it as a strategic move to ensure a more favorable regulatory environment for Bitcoin and cryptocurrencies.
However, others question the motives behind supporting Trump, citing concerns about his controversial tenure as president. Bailey himself clarified that their actions are aimed at defending Bitcoin rather than endorsing Trump personally.
Election Dynamics: Bitcoin As A Deciding Factor?
With the upcoming presidential elections looming, the role of Bitcoin in shaping political landscapes has never been more apparent. Bailey’s call to mobilize and ensure a pro-Bitcoin president raises questions about the growing influence of cryptocurrency in electoral politics.
Will Bitcoin enthusiasts unite to sway the outcome of the elections in favor of a crypto-friendly candidate?
Trump: Second Term And Regulatory Outlook
Geoff Kendrick, head of FX Research and Digital Assets Research at Standard Chartered Bank, weighed in on the potential implications of a Trump second term for the cryptocurrency industry.
Kendrick believes that a Trump presidency would likely result in a more supportive regulatory environment, offering hope to crypto advocates amidst ongoing regulatory uncertainties.
How This Will Impact Crypto Prices
The news of Trump’s potential support for cryptocurrencies has stirred both excitement and caution in the market. While some see it as a promising sign for increased adoption and investment, others remain wary of the potential volatility and uncertainty associated with Trump’s involvement.
The impact on crypto prices will depend on factors like regulatory clarity and broader market sentiment, making it essential for investors to stay informed and adaptable in the face of evolving developments.
Featured image from AP Photo/Jeff Dean, chart from TradingView
Bitcoin Magazine CEO Discloses Links With Trump Campaign: “It’s Time for Bitcoin to Elect the Next President”
David Bailey, CEO of Bitcoin Magazine, has disclosed his nexus with the campaign of former President Donald Trump. Bailey and his team have advised Trump to develop a Bitcoin and crypto-friendly agenda, including signing a crypto-focused executive order on day one. He declared that crypto enthusiasts will not vote for Trump but against Biden’s crypto […]
Bitcoin News
‘Jeo Boden’ Meme Coin Soars 20% After Trump Diss – Details
The memecoin “Jeo Boden” has taken the crypto world by storm, riding on the back of a lukewarm comment from former US President Donald Trump. The whimsical cryptocurrency, a playful misspelling of President Joe Biden’s name, experienced a huge increase after Trump mentioned it at an NFT event in Florida.
What was once a subject of amusement has now become a serious investment, as Boden surged 20% following Trump’s offhand remark.
Trump Rally Or Fleeting Frenzy? Analysts Divided
The cryptocurrency community has been divided over the impact of Trump’s mention of Boden. Some analysts, such as Samantha Wilkins, believe that any mention from a prominent figure like Trump is positive for the memecoin. They contend that Boden has shown to be a tenacious and astute investment, and that the excitement around it has only grown as a result of Trump’s remark.
Trump Speaks on $BODEN at NFT Event
“That’s a Lotta Money for a Coin, I Don’t Like That Investment”
Audio Source: @realDannyNelson pic.twitter.com/8NcpuCc6ZI
— db (@tier10k) May 9, 2024
However, some experts remain skeptical. They caution that Boden’s value is built on hype rather than utility, making it susceptible to swift market shifts. A single negative tweet from Trump or a change in market sentiment could cause Boden to come crashing down as quickly as it rose.
Will Trump Re-Boden The Market?
Adding another layer of intrigue to the Boden saga, the prediction platform Polymarket has created a contract speculating on the likelihood of Trump mentioning the memecoin again before July. Currently, the contract’s “yes” shares are trading at .05, indicating an 11% chance that Trump will utter the word “Boden” in the coming months.
This unique situation presents an unusual scenario where the value of a memecoin hinges on the whims of a former president. If Trump revisits Boden in a future speech or tweet, it could trigger another surge in price.
However, if he remains silent, the current hype surrounding Boden may fizzle out, leaving investors holding a depreciating digital punchline.
Boden: A Gamble On Speculation
The rise of Boden serves as a cautionary tale for memecoin enthusiasts. While these tokens can offer explosive returns, their value is often tied to fleeting trends and external factors beyond their control. With the enigmatic Trump as a wildcard influence, the future of Boden remains uncertain.
Investors eagerly await the next chapter in this bizarre crypto story, as the saga of Boden continues to unfold. It is a gamble on speculation, where the coin’s value dances on the edge of uncertainty. The Boden phenomenon highlights the unpredictable nature of memecoins and the risks associated with investing in such volatile assets.
Featured image from Reddit, chart from TradingView
Donald Trump Could Be Bitcoin’s Biggest Price Booster: Experts
Former President Donald Trump recently voiced strong support for Bitcoin and cryptocurrencies, notably diverging from his previously skeptical stance. This significant pivot, prominently featured in a recent video circulating among crypto enthusiasts and investors, has spurred speculation about the potential implications for Bitcoin and other digital currencies as the US election approaches this November.
How Trump Could Boost Bitcoin Price
The comments made by Trump were discussed by analyst MacroScope on X. The analyst emphasized the importance of Trump’s statements: “By now, you’ve probably seen the video of Trump‘s strident and arguably stunning pro-crypto comments.” MacroScope suggested that the implications of Trump’s newfound support could be profound, particularly because a positive shift in policy from Washington, D.C., regarding cryptocurrencies has not been factored into current market prices.
MacroScope further advised, “In terms of potential price impact on BTC, this should be watched very, very closely in coming months.” The statement reflects a broader sentiment within the financial community that political endorsements can lead to market movements, particularly when they suggest a shift in regulatory approaches. The analyst drew parallels to the market’s underestimation of the impact of the spot Bitcoin ETFs, indicating that a similar scenario might unfold if Trump’s supportive comments translate into formal policy changes.
By now, you've probably seen the video of Trump's strident and arguably stunning pro-crypto comments.
In terms of potential price impact on BTC, this should be watched very, very closely in coming months. It should go without saying that a constructive policy shift in DC is not… https://t.co/KL0RNqawZg
— MacroScope (@MacroScope17) May 9, 2024
Meanwhile, the credibility of Trump’s promises is a critical factor in assessing the potential outcomes of his pro-crypto statements. While Trump is known for making ambitious promises to rally support, MacroScope noted, “Yes, he will promise anything in front of a crowd to get applause. But from various insider accounts, we also know that once he makes a high-profile promise, he’s acutely aware of the attention and approval it got, and he feels obligated to at least show the appearance of following through in terms of policy.”
This behavioral pattern suggests that Trump may continue to champion pro-Bitcoin and crypto policies, at least in appearance, to maintain the favor he has garnered from these statements. Moreover, the political discourse surrounding cryptocurrencies is intertwined with speculations about future leadership at the Federal Reserve. Former Fed Governor Kevin Warsh, who is viewed as a potential successor to Jerome Powell, has previously expressed a nuanced understanding of Bitcoin’s value, particularly in light of a weakening dollar.
In a statement made in 2021, Warsh remarked, “It does make some sense to me,” referring to Bitcoin’s resilience during times of dollar depreciation. The potential appointment of Warsh could herald a more favorable regulatory environment for cryptocurrencies, aligning with Trump’s pro-crypto rhetoric.
Analyzing Trump’s BTC Stance: Julian Fahrer’s Insights
Julian Fahrer, co-founder and CEO of Apollo, also recently offered a nuanced analysis of Donald Trump’s relationship with Bitcoin and crypto, spanning from his presidency to his post-presidential activities. Fahrer’s perspective is crucial in dissecting Trump’s public statements against his administrative actions.
During his presidency, Trump openly criticized Bitcoin and cryptocurrencies, notably after Meta’s attempt to launch the Libra stablecoin in 2019. Trump famously stated, “I am not a fan of Bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.”
Despite these comments, Trump’s appointments suggest a more complex position towards crypto. He appointed Hester ‘Crypto Mom’ Pierce to the SEC, known for her dissenting opinions in favor of Bitcoin and crypto, and Steve Mnuchin as Treasury Secretary, who viewed cryptocurrencies as a national security threat.
This dichotomy shows that Trump’s administration maintained a somewhat ambiguous stance on crypto regulation, characterized by tightened KYC/AML rules by the Financial Action Task Force, alongside the Commodity Futures Trading Commission’s approval of crypto futures products.
Post-presidency, Trump’s attitude appears to have shifted significantly. His venture into Trump Digital Trading Cards and disclosure of owning .8 million in ETH in 2023 signal a newfound embrace of digital assets. This change could be attributed to strategic shifts or financial incentives.
Furthermore, Trump’s recent interactions, including bringing pro-Bitcoin Vivek Ramaswamy into his circle and positive comments on Fox about Bitcoin, indicate a potential pivot towards a more crypto-friendly posture if he were to secure a second term. Fahrer aptly notes, “The bigger an enemy of Bitcoin and crypto the Democrats seem to be, the more Trump appears to be embracing it.”
This analysis underscores the fluidity between Trump’s rhetoric and his policy actions regarding Bitcoin and cryptocurrencies, with Fahrer concluding that Trump’s evolving stance could lead to a ‘full on Degen Don’ as the November election approaches.
Notably, investment giant VanEck predicted at the beginning of the year that a Trump victory will propel the Bitcoin price to a new all-time high on November 9th and potentially reach 0,000 by December.
At press time, BTC traded at ,024.
Crypto Presidential Rally: TRUMP Soars 36.2% And Flips BODEN
In a year full of global elections, the crypto industry remains expectant and critical of every candidate’s stance on cryptocurrencies. The US presidential elections could pose a turning point for regulations and adoption that could affect the industry worldwide.
On Wednesday, Donald Trump, former US president and Republican candidate, stated his support for the industry and criticized Biden’s administration for its stance on digital assets. MAGA (TRUMP), the Trump-inspired memecoin, saw its price skyrocket 63% in the following hours.
Trump’s Stance On Crypto
The Republican candidate held a gathering on Wednesday at his Mar-a-Lago resort in Palm Beach, Florida. Holders of NFTs bearing Trump’s name and likeness attended the Trump Cards NFT Gala.
During this event, the former US president strongly criticized Biden’s administration and its hostility towards the sector. He revealed he is “fine” with crypto and wants to make it a “solid” industry.
Trump claimed he’s the best option for those who are in favor of cryptocurrencies:
(…) I’m fine with it. I want to make sure it’s good and solid and everything else. But I’m good with it. And if you want, if you like crypto in any form, and it comes in a lot of different forms, if you’re in favor of crypto, you better vote for me.
Moreover, the Republican candidate asserted that “crypto is moving out of the US because of the hostility towards it,” something he alleges he doesn’t want to continue and promises to stop.
i asked donald trump how he’s going to keep crypto businesses in america.
sounds bullish
pic.twitter.com/rvuztPmQ8P
— Malcolm (33.3%) (@macdegods) May 9, 2024
When asked what he would do to stop the exodus of digital asset businesses, he stated that to embrace them, they would have to let them be in the country. To achieve this, the candidate promised a more welcoming regulatory framework for crypto.
As part of his jab at the current administration, Trump mimicked US President Joe Biden, claiming he would be clueless if asked about cryptocurrencies. He further added, “The Democrats are very much against it.”
TRUMP Flips BODEN As Price Soars
After Trump’s declarations, two memecoins inspired by the politicians saw a price reaction. Jeo Boden (BODEN) soared 23.5% in the following hour, going from .34 to .42.
Since then, the price has retraced to hover between the .35-.36 range. BODEN is trading at .3492, representing a 15.1% increase in the last 24 hours.
The token’s daily trading volume also saw a significant 35.7% surge, with over million traded in the past day. Despite benefiting from the Republican candidate’s jab at its inspiration, BODEN Still displays red numbers in the longer timeframes, with a 29.9% and 59.8% weekly and monthly decrease.
BREAKING: $TRUMP (@MAGAMemecoin) FLIPS $BODEN (@boden4pres) IN MARKET CAP pic.twitter.com/eCTwux4ZC9
— DEGEN NEWS
(@DegenerateNews) May 9, 2024
As a result, TRUMP’s 2 million market capitalization flipped BODEN’s 9 million. The Trump-inspired token became the 14th largest memecoin by market capitalization, per CoinGecko data.
Moreover, TRUMP seemingly won this round with crypto investors, which rallied 63% after Trump’s statement. The token surged from .2 to .1 in the following hours before retracing to the .3 level.
TRUMP trades at .43 at the time of writing, representing a 36.2% increase in the last 24 hours.