Washington, Monday, June 24, 2024 – Bitcoin is preparing for potential turbulence in the coming week after former President Donald Trump declared he will be the “crypto president.”1
The bitcoin price has surged from around $15,000 per bitcoin following the FTX crypto exchange collapse in late 2022 back to its peak of $70,000, boosting the ethereum price and helping XRP add almost 60% as the wider crypto market rebounds.
Now, with tech billionaire Michael Dell sparking speculation that his computer company could follow MicroStrategy and Elon Musk’s Tesla into bitcoin, rumors are swirling that President Joe Biden could address crypto policy during his first presidential debate with Trump on Thursday, June 27.
Trump has also leaned into bitcoin and crypto in recent weeks after making millions from a series of crypto-based digital trading card non-fungible tokens (NFTs). He declared support for crypto in late May and began accepting campaign donations in bitcoin, ethereum, solana, dogecoin, and shiba inu.
Earlier this month, it was reported that the Biden campaign is holding discussions about accepting bitcoin and cryptocurrency donations through Coinbase, according to The Block.
Another Trump critic and Biden supporter, Anthony Scaramucci, managing partner at hedge fund SkyBridge Capital, has said Biden’s opposition to crypto wouldn’t continue into a second term.
- forbes.com: https://www.forbes.com/sites/digital-assets/2024/06/23/leak-reveals-crypto-is-braced-for-a-huge-biden-flip-ahead-of-trump-debate-at-could-trigger-a-bitcoin-ethereum-and-xrp-price-earthquake/[↩]
