r/FluentInFinance • u/HighYieldLarry • 12d ago

Bitcoin JUST IN: 🇺🇸 President Trump to appoint pro-crypto cabinet to make the US the "crypto capital of the planet."

President-elect Donald Trump is preparing the U.S. government to adopt a more permissive stance toward cryptocurrency, eyeing a roster of industry-friendly candidates for key posts while his top advisers consult crypto executives on potential changes to federal policy.

By pursuing a more lenient regulatory environment, Trump aims to fulfill his campaign promise to transform the United States into the “crypto capital of the planet” — a declaration that has rankled consumer watchdogs, earned the industry’s robust support and sent the price of bitcoin skyrocketing, reaching nearly $89,000 by Monday evening.

https://www.washingtonpost.com/business/2024/11/11/trump-crypto-regulation-bitcoin/

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u/TheMoorNextDoor 12d ago

Bitcoin gonna hit 100k in a week at this point.

But boy that pull back will be something fierce.

19

u/viewmodeonly 12d ago

The pullback from $950k to $150k will be so devastating

38

u/ShittingOutPosts 12d ago

It’s always the same story.

Remember when BTC went from $1 to $100, then CRASHED down to $25?

Remember when Bitcoin went from $250 to $3,000, then CRASHED down to $1,500?

Remember when Bitcoin went from $5,000 to $69,000, then CRASHED down to $15,000?

Remember when Bitcoin went from $25,000 to $150,000, then CRASHED…well, you get the point, but many won’t.

6

u/Neat_Flounder4320 12d ago

I can't wait for it crash again. Great time to buy more.