Why does Trump want to link with Bitcoin?

Trump was once a skeptic of Cryptos during the 1.0 era, but in the 2.0 era, he transitioned to being a strong advocate for "making the USA the crypto capital of the world." One main reason for this is that MAGA needed an alternative to maintain the dominance of the dollar, and Bitcoin has been given a unique mission that transcends technological development.

Snow Tide Macro NotesJan 10 16:19

A detailed explanation of Trump's "crypto romance" and future direction.

Trump has shifted to become a supporter of cryptocurrency, and the market is closely watching his role and future impact in this field.

Zhitong FinanceJan 10 12:02

The price of Bitcoin has been under pressure for several consecutive days, with bearish factors involving the USA Department of Justice and Musk.

① Concerns regarding the USA government's handling of the involved Bitcoin have once again triggered short-term price fluctuations; ② Musk commented this week that if the dollar inflation problem is resolved, then the dollar price of Cryptos should fall. ③ The ongoing expectation of tightening dollar liquidity is also putting pressure on alternative Assets.

cls.cnJan 10 07:09

BIT Mining Expands Authorized Share Capital to Boost Growth

TipRanksJan 8 19:48

BIT Mining Limited Announces Results of Annual General Meeting

PR NewswireJan 8 18:00

The crypto market is reigniting enthusiasm! Bitcoin has returned above 0.1 million dollars, and miners are stockpiling coins. Is the market preparing for the "Trump administration rally" in advance?

In fact, Bitcoin has a strong cyclical utility. From Historical Data, Bitcoin has shown considerable performance in the first quarter of the second year after each halving. Specifically, the first quarter of 2013 saw an increase of 539%, in 2021 an increase of 103%, and in 2017 an increase of 12%. The fourth halving will occur on April 20, 2024, so the market is closely monitoring Bitcoin's performance in the first quarter of 2025.

Futu NewsJan 7 22:09