Former United States President Donald Trump has publicly endorsed the Bitcoin and cryptocurrency markets despite past scepticism on Truth Social. This endorsement has sparked much optimism and expectations leading up to the Presidential election scheduled towards the end of 2024.
At the Libertarian National Convention, Trump boldly promised to protect the interest of Bitcoiners and cryptocurrency holders, creating a more favourable ground for US cryptocurrency enthusiasts to thrive than in past years, stating, “I am very positive and open-minded to cryptocurrency companies”.
This stance taken by Trump is a positive step for the good of the cryptocurrency industry, considering that policies of adopting Bitcoin by leaders such as Presidents Javier Milei of Argentina and Nayib Bukele of El Salvador have yielded many accolades and positive responses across the crypto industry.
As a top businessman, Trump recognized the effect decentralized finance has had on the younger generations and how trust in traditional finance, such as banks, continues to face many challenges as the cryptocurrency market bridges most of the gaps that these financial institutions have failed to address.
While on the Truth Social and Crypto, Trump stated, “Crooked Joe Biden, on the other hand, the worst president in the history of our country, wants it to die a slow and painful death. That will never happen with me; Bitcoin and cryptocurrencies represent freedom from traditional financial systems that have repeatedly failed us. We must embrace this innovation to secure a prosperous future.”
This endorsement comes at a time when the cryptocurrency market has begun looking increasingly promising ahead of the bull market. The space could witness strong interest and investments in the coming months, which could lead to more adoption of digital currencies.
Cryptocurrency’s Market Response as Biden Bows Out
Following Joe Biden’s announcement to withdraw from the upcoming US presidential election, the cryptocurrency market witnessed a slight price decrease across all markets. This was followed by price rallying to the upside as the market took the news as a positive development, suggesting this would be an open race for Trump to win the election.
The initial response was a sharp decline in Bitcoin’s value, as seen on Tradingview, which was marked orange as investors and traders reacted to the news. This was followed by the Bitcoin price rallying to $68,000.
The initial decline resulted from uncertainty surrounding the next candidate, who could be stronger and challenge the pro-crypto stance of Trump, who has demonstrated some positive interest in blockchain technology.
When Vice President Kamala Harris was revealed to be the next candidate, many investors felt relief, as the crypto market saw a significant price rally. This development highlights the cryptocurrency market’s attention to political developments, and as the election processes continue to unfold, this could be pivotal for the market.
Despite the evolving cryptocurrency market, political developments will affect the financial market and could pave the way for opportunities. Heading into the U.S. elections, many investors and traders will know about the high volatility and promising new opportunities to remain profitable.
Trump’s Scheduled Nashville Speech – The Future of Bitcoin in The US and Crypto Space
Donald Trump’s positive disposition towards Bitcoin and the cryptocurrency community continues to grow as the US Presidential candidate for the 2024 election has unexpectedly announced he will be appearing at the coming Bitcoin Conference 2024, scheduled to be held in Nashville, Tennessee, on July 27, 2024.
The Bitcoin conference is expected to draw the attention of high-profile personalities in the crypto space and create much awareness for the cryptocurrency community. Trump’s appearance would boost the crypto space and the coming bull market after his past scepticism towards cryptocurrency, as he is out to show support for Bitcoin and other cryptocurrencies.
Trump has, on various occasions, expressed his support for Bitcoin and Bitcoin miners, stating, “We want the remaining Bitcoin to be mined in the USA.” This statement continues to align with his campaign to allow the technology to thrive, as it remains the route to financial freedom.
Donald Trump’s selection as a keynote speaker at the upcoming Bitcoin conference is a strategy to gain the support of the cryptocurrency community. His speech will focus on the future of Bitcoin in the USA, his plans to support the cryptocurrency industry if re-elected, and his plans for a more favourable regulatory environment for digital assets to grow.
All eyes are fixed on this special day. Trump’s speech could positively affect the crypto space, as investors and traders are looking for more opportunities to remain profitable. Many users have stayed ahead and used these opportunities through Margex’s automated copy trading.
Leveraging on Margex Copy Trading to Remain Profitable
The adoption of automated copy trading continues to rise, with many users and novice traders looking for strategies and tools to simplify trading in the least possible ways while ensuring profitability, portfolio diversification, and reduced screen time.
The emergence of the internet age and artificial intelligence suggests the world is approaching a mobile-first era. As such, many users favour the idea of crypto copy trading while having little time to pay attention to other important needs.
Margex automated copy trading is legit and fits perfectly into this category as a platform that allows users to replicate or mirror the trades of experienced traders with track records of profitability on its platform.
Boosting the best trading experience and a highly designed website that is user-friendly, allowing users both experienced and novices to navigate through its platform easily, users have access to real-time data about trader history, such as strategies, most traded digital assets, return on equity (ROE), traders’ equity, and others, users can make informed decisions about which trader to follow and copy their trades.
Additionally, high-volume users on Margex have opportunities to claim the Hamster Kombat (HMSTR) airdrop while engaging in their trading activities. Due to high user demand, Margex is also happy to extend its Hamster Kombat (HMSTR) airdrop campaign to July 28, 12:00 UTC, 2024. This will allow more high-volume users to participate and stand a chance to earn up to $5,000 Hamster Kombat (HMSTR).
Terms & Condition of Hamster Kombat (HMSTR) Airdrop Claim:
- Sign in on Margex or Login for existing users
- Trade actively on Margex with high volume up to July 28, 12:00 UTC 2024
- Claim Hamster Kombat (HMSTR)
To earn Hamster Kombat (HMSTR) airdrop on the Margex platform users needs to meet the following high-volume trading criteria;
- $100,000 – $10 in Hamster Kombat (HMSTR) tokens
- $250,000 – $20 in Hamster Kombat (HMSTR) tokens
- $500,000 – $30 in Hamster Kombat (HMSTR) tokens
- $1M – $50 in Hamster Kombat (HMSTR) in tokens
- $5M – $250 in Hamster Kombat (HMSTR) tokens
- $10M – $500 in Hamster Kombat (HMSTR) tokens
- $25M – $1,500 in Hamster Kombat (HMSTR) tokens
- $50M – $3,000 in Hamster Kombat (HMSTR) tokens
- $100M – $5,000 in Hamster Kombat (HMSTR) tokens
