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Trump can now ‘live with’ Bitcoin after once calling it a ‘scam’ Former United States president, Donald Trump seems to have to have shifted his views on Bitcoin, contrasting his previous skepticism of the crypto market. During a YouTube stream of “The Ingraham Angle” on Fox News, host Laura Ingraham questioned Trump about his perspective on Bitcoin. She was also intrigued to know his stance on the decentralized nature and broad appeal across different demographics. While acknowledging Bitcoin’s rising popularity, Trump maintained a preference for traditional currency, stating, “A lot of people are doing it. I always like the one currency. I like the dollar.” Trump’s inclination toward fiat remains unfaded Besides, acknowledging the growing momentum of Bitcoin, Trump also recognized the need for the potential necessity for regulatory oversight due to its mushrooming adoption “Frankly it has taken a life of its own. You probably have to do some regulations.” He also analyzed an increased number of people inclining towards bitcoin, as a mode of payment. “Many people are embracing it and more and more I am seeing people wanting to pay in Bitcoin.” Despite witnessing increasing popularity among individuals, he maintained his longstanding position on digital assets and emphasized. “I can live with it one way or the other. I have always liked one really powerful thing and that’s called the dollar.” Trump’s criticism of CBDCs In January 2024, Trump strongly opposed the idea of the U.S. creating its own central bank digital currency (CBDC), citing concerns about the potential risks to individual liberties. He highlighted the possibility of the government gaining extensive control over financial matters, including the ability to seize funds and monitor transactions without consent. A publicity stunt ahead of elections? In 2019, Trump vocally opposed Bitcoin and other cryptocurrencies, asserting they lacked intrinsic value and were merely “based on thin air.” #Write2Earn

Trump can now ‘live with’ Bitcoin after once calling it a ‘scam’

Former United States president, Donald Trump seems to have to have shifted his views on Bitcoin, contrasting his previous skepticism of the crypto market.

During a YouTube stream of “The Ingraham Angle” on Fox News, host Laura Ingraham questioned Trump about his perspective on Bitcoin. She was also intrigued to know his stance on the decentralized nature and broad appeal across different demographics.

While acknowledging Bitcoin’s rising popularity, Trump maintained a preference for traditional currency, stating,

“A lot of people are doing it. I always like the one currency. I like the dollar.”

Trump’s inclination toward fiat remains unfaded

Besides, acknowledging the growing momentum of Bitcoin, Trump also recognized the need for the potential necessity for regulatory oversight due to its mushrooming adoption

“Frankly it has taken a life of its own. You probably have to do some regulations.”

He also analyzed an increased number of people inclining towards bitcoin, as a mode of payment.

“Many people are embracing it and more and more I am seeing people wanting to pay in Bitcoin.”

Despite witnessing increasing popularity among individuals, he maintained his longstanding position on digital assets and emphasized.

“I can live with it one way or the other. I have always liked one really powerful thing and that’s called the dollar.”

Trump’s criticism of CBDCs

In January 2024, Trump strongly opposed the idea of the U.S. creating its own central bank digital currency (CBDC), citing concerns about the potential risks to individual liberties.

He highlighted the possibility of the government gaining extensive control over financial matters, including the ability to seize funds and monitor transactions without consent.

A publicity stunt ahead of elections?

In 2019, Trump vocally opposed Bitcoin and other cryptocurrencies, asserting they lacked intrinsic value and were merely “based on thin air.”

#Write2Earn

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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Time to see what happened to Bitcoin from a technical perspective. My 4HR chart continues to remain my "compass" and we can clearly notice how Bitcoin, after having took the liquidity toward the prior gaps (💧) at 70/69K accelerated to the ones below the equilibrium point touching and bouncing from the demand zone. Open Interest have sensibly plunged and this is a great sign because, as we seen, a lot of people were in leverage and took the part of the sacrificial victims. "Bro, Iran attacked Israel, Bitcoin is plunging because of war threats" This is the classic retail mindset that I had too back in the days. The reality instead, is that Bitcoin was trading at an HTF level, meaning that the news has been released to "justify" the price action. Do you think it is a coincidence? "But the last month we saw a very bullish monthly candle, probably the most bullish in BTC history..so why this price action?" In my opinion, that closure flashes the willingness from institutions to push the price more but they won't do it in a straight line. They first need to orchestrate a trap which is the one we're currently seeing. The scenario I'm watching if we continue to struggle is Bitcoin going for that weekly fair value gap which would also coincide with the 4HR chart posted above. Don't think we will flush toward the demand zone at 52K but instead front-run it. If I'll be wrong it is public and I'll accept the mistake with no shame. That being said, what I'm kinda sure is that this isn't the "end" but just a trap and we will see higher prices in 2024 as stated plenty of times. Have a great Sunday boys.
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DON'T PANIC SELL NOW! READ THIS TILL THE END!👇 In times like these, it's important to ZOOM OUT! We are still in a bull market!✅ Holding throughout the #Crypto Bull Run and buying huge dumps like today was never meant to be easy! We've come a long way since the depths of the 2022/2023 bear market! So PLEASE don't do anything irrational now and panic sell. We know that Crypto is volatile. This is nothing new. You can't expect 100x gains without potentially seeing huge pullbacks in the short term. DON'T GIVE UP NOW! Days like today is what seperates the winners from the losers. Will you remain calm and not panic sell? Will you continue to show up every day and not give up even if we drop lower? And even better: Will you buy the dip? (If you still have spare capital of course) Another potential mistake would be selling in the anticipation of buying back lower. This is like playing with fire as prices can put in huge green candles especially after such a day like today! And then you'd have to buy back at higher levels! Currently we are seeing Altcoin capitulation (in the short term/mid term). Right now is the ideal time to buy. This goes against our psychology of course. To the human brain it seems like now is the worst possible time to buy... But it's actually the BEST possible time to buy! Right now we are experiencing a transfer of wealth from the impatient to the patient. Smart money is buying. And dumb money is sellling. Most fail in the market as they aren't able to control their emotions. It's important to remain rational right now. Let's be real here. This was a very harsh correction. However it's not even that visible on the long term chart. The potential for this market cycle is still HUGE. The worst you can do now is selling your positions either because you are scared or because you think you can time the market and buy back lower. The only 2 options that make sense right now are: ✅ HOLD ✅ BUY (MORE) We are right now at what I would call maximum pain for Altcoins in the short term/mid term. #CryptoMarket
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