Donald Trump’s Bitcoin Renaissance: From Skeptic to Advocate
Since Donald Trump’s election as the ‘Bitcoin President’, Bitcoin’s value has surged to nearly $93,500, prompting speculation it may soon hit the $100,000 mark. Trump aims to establish the U.S. as a ‘global crypto center’ and has proposed creating a national Bitcoin reserve. Critics question the practicality of Bitcoin as a stable reserve currency, and some experts label his World Liberty Financial crypto project a potential fraud, benefitting Trump directly. The crypto community largely supported his campaign, raising concerns about conflicts of interest as Trump navigates into cryptocurrency regulation.