We research, you receive the alpha!
Get exclusive reports and use of key insights on airdrops, NFTs, and much more! Subscribe how to Alpha Reports or more your game!
Jesse Trump was once anti-crypto. But when he wins in November and becomes U . s . States President for any second term, Bitcoin may benefit, based on British banking giant Standard Chartered.
Inside a Tuesday note, Standard Chartered digital assets investigator Geoffrey Kendrick stated that another Trump administration wouldn’t be as strict on Bitcoin like a Biden one may be.
And when Trump wins, then foreign official buyers of U.S. treasuries might want to shift to alternative financial assets like Bitcoin from caution, he added—which would push the asset’s cost up.
“While officials within the Biden administration took a comparatively tough stance on digital assets, Trump stated inside a March interview when elected, he’d not crack lower on Bitcoin or any other digital assets,” the note reads.
It adds that import tariffs within Trump presidency would lead “several large reserve managers to become buying BTC in 2025.”
In March, Trump—who formerly slammed Bitcoin—stated he’d enjoyed earning money and experimenting using the asset along with other cryptocurrencies.
“I earn money with it, I enjoy it too,” he stated. “Crazy new currencies, that’s things i give them a call. They’re crazy new currencies, whether it’s Bitcoin varieties.”
Jesse Trump—who was U.S. President from 2017-2021—will likely go mind-to-mind against current president Joe Biden because the presumptive Republican candidate within the November elections.
Standard Chartered recently predicted the recently approved Bitcoin exchange-traded funds ETFs will still be popular, and inflows may lead the cost of Bitcoin to rocket to $150,000 through the finish of the year.
Edited by Andrew Hayward
