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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.
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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.
Google and Microsoft also expressed goodwill towards the incoming president! They donated 1 million dollars to Trump's inauguration Fund.
① Microsoft, Google, and other technology giants donated to Trump's inauguration fund, with Microsoft donating 1 million USD, and Google also announced donations and provided technical support; ② Technology companies are facing regulatory pressure from the Republican Party and are trying to improve their relationship with the Trump administration. Microsoft's CEO Nadella has met with Trump multiple times in hopes of promoting favorable AI policies.
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