Trump's Crypto Gamble: Boom or Bust?

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09.12.2024 134 times read 0 Comments

How Long Will the Trump Crypto Boom Last?

The New Yorker recently explored the potential longevity of what is being termed the "Trump crypto boom." Following Donald Trump's announcement to nominate Paul Atkins, a known cryptocurrency advocate, as head of the Securities and Exchange Commission (SEC), Bitcoin prices soared past $100,000. This move has been met with both excitement and skepticism within financial circles. The article draws parallels between this current surge in interest for cryptocurrencies and previous speculative bubbles such as the dot-com era.

Under Atkins' leadership, it is anticipated that ongoing lawsuits against various crypto firms might be paused or even dropped altogether. Critics argue that this could lead to weakened investor protections akin to those seen during less regulated times like the 1920s. Meanwhile, proponents see it as an opportunity for digital assets to enter mainstream finance more robustly than ever before.

Swiss ETP Issuer Predicts Another Nation To Adopt Bitcoin

An intriguing forecast from crypto.news suggests significant developments on the horizon for cryptocurrencies by 2025. According to research conducted by Swiss ETP issuer 21Shares, there are expectations not only for Ethereum's resurgence but also predictions about another nation potentially adopting Bitcoin as a reserve asset—Argentina being highlighted among possible candidates.

This outlook reflects growing institutional interest which may drive substantial increases in managed assets related specifically to exchange-traded products involving cryptos over the coming years; these projections align closely alongside macroeconomic conditions favorable toward further adoption across traditional sectors too!

This Crypto ETF Could Soar 1,500%, According To Cathie Wood

Yahoo Finance offers insight into bold claims made regarding future performance potentials surrounding certain ETFs tied heavily towards blockchain technologies. Cathie Wood, a prominent figure in financial investment, has suggested that returns could reach up to a fifteen-fold increase based on strategic investments. Industry experts suggest that those interested should pursue independent research to fully understand the implications and possibilities involved.

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