Bitcoin Hits New ATH: But What’s Trump’s Crypto Plan?
Traders needed only to hear and see a combination of low interest rates, improving crypto sentiment, and Donald Trump in the Oval Office to push a new all-time high. And, with US elections now done and Trump in the driving seat, Bitcoin
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and crypto prices can only rise.
Are you ready for the giga rally? pic.twitter.com/ttQVQePY6t
— CRYPTO₿IRB (@crypto_birb) November 6, 2024
Bitcoin Price Rallying As Trump Triggers Risk-On Fever
Earlier today, BTC broke $73,800 and rose to $75,000 on several exchanges.
Although prices have since retraced, optimism is high, and the community expects sharp gains throughout November and December.
(BTCUSDT)
Remember, this week, the FOMC is expected to announce more rate cuts, with expectations falling to a further 0.25 rate cut.
With easy money in the United States, a relief for emerging economies, citizens will have more to invest, including Bitcoin.
Buying crypto now only makes sense. Trump is pro-crypto and, during his campaign trials, promised to create proper regulatory frameworks to end the needless crypto crackdown and create a crypto hub in the United States.
The issue is that sometimes politicians can fail to keep their promises.
Will Donald Trump be any different?
Will he end what he described as an “anti-crypto crusade” by the Biden administration?
DON’T MISS: How to Buy Bitcoin Anonymously in November 2024 – No KYC Guide
Donald Trump Has A Crypto Plan
Over the years, especially after the collapse of FTX, the United States SEC and the DoJ have sued, charged, and imprisoned crypto figures.
Coinbase and Binance were not spared. Donald Trump was watching all these events unfold. Trump said he would fire Gary Gensler when attending the Bitcoin Conference in Nashville.
Crypto critics claim Gensler has been hounding projects and stifling innovation and growth.
Additionally, Trump plans to expand Bitcoin mining in the United States, which he said would make the country dominant and its energy grid robust.
A Bitcoin-mining America means more BTC in the hands of citizens, a decision that would further align with his plans to create a strategic Bitcoin reserve.
So far, a proposal to create this fund and diversify the country’s strategic assets, including BTC, has been made.
Bitcoin bulls might find the much-needed tailwinds for a leg up, perhaps to $100,000.
#Ethereum bounces upwards.
I think we'll continue that pace. The FED meeting on Thursday is important to watch, where they'll likely state another 25bps rate cut.
Then –> continuation on the markets and $90,000-100,000 for Bitcoin next. pic.twitter.com/NTPPmYJzAj
— Michaël van de Poppe (@CryptoMichNL) November 6, 2024
DISCOVER: 9 Ways To Buy Bitcoin With PayPal
FreeDum Fighters To Spark Altcoin Rally?
As the crypto tide rises, other quality altcoins and blue chip coins like Ethereum and Solana will also benefit.
One of them is FreeDum Fighters, a PolitiFi project with a satirical twist that has gained traction in the past few weeks.
The FreeDum Fighters presale has raised over $440,000 and continues to garner community interest when writing.
Eyes are on DUM, the native token, trading for just $0.00007 when writing.
DUM plays a crucial part in the FreeDum Fighters ecosystem, allowing users back either of the two fictional characters, MAGATRON–representing Donald Trump– and Kamacop 9000–Kamala Harris.
To earn rewards, all investors have to do is buy DUM.
Afterward, they can stake them on the MAGATRON or Kamacop 9000 pool.
Depending on how popular the character is, stakers receive different yields.
However, there is an option to stake in both pools to maximize rewards and diversify risks.
You can participate in weekly debates and receive secret airdrops if you want to earn more.
Even as the campaigning and election season ends, Freedum Fighters plan for more excitement.
In Phase 3, they will expand the storyline and list DUM on DEXes, and many think prices will rise then.
On YouTube, analysts think DUM can quickly 100X in this bullish cycle, pointing to DUM’s exceptional utility that sets it apart from other politifi tokens.
EXPLORE: Are Crypto Conferences High Risk Security Events These Days?
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