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President Trump's recent Bitcoin tweet could make cryptocurrency a topic of debate for the 2020 election and crypto investors think it's a good thing.
Let's talk about Bitcoin 2020
Thanks to US President Donald Trump, Bitcoin is now officially a number for the 2020 elections. Earlier this week, Trump responded to comments by US Federal Reserve Chairman Jerome Powell on the fact that Bitcoin is a speculative reserve. a value similar to that of gold. This simple tweet could have catapulted Bitcoin into the lexicon of the 2020 presidential campaign.
It is interesting to note that the price of bitcoin has climbed a bit after Trump's tweet and it seems that investors believe that its short-term concentration on cryptocurrency will result in positive gains in the price of bitcoin.
Institutional and crypto frameworks react quickly
Financial executives also believe Trump's tweet could bode well for long-term cryptocurrency and Circle CEO Jeremy Allaire tweeted that it's "maybe the biggest bull signal for [Bitcon] already.
Caitlin Long, a Wall Street veteran and member of the Blockchain working group, also request President Trump will invite experts in block chains and cryptocurrency at a summit because she suspects that her president is misguided by her administration as to the actual capacity of the channel and the crypto-currency. change.
Coin Armstrong, CEO of Brian Armstrong and founder of Tron Justin Sun also rang and urged President Trump to reevaluate his perception of Bitcoin and Armstrong with enthusiasm tweeted:
Achievement unlocked … First they ignore you, then they make fun of you, then they fight you, then you win. We have just arrived at the third stage.
Meanwhile, Mati Greenspan, eToro's chief market analyst, said: "Even though Donald says he's not a fan of Bitcoin, the fact that he's talking about it is extremely bullish for the entire crypto market. " other presidential candidates can respond with their opinions on cryptocurrency. Take, for example, Democratic candidate Andrew Yang, who has already said:
The blockchain has a lot of potential. [It] could make many things safer, transparent and effective. "
Yang, who is primarily known for his Universal Basic Income (UBI) plan that would distribute a monthly payment of $ 1,000 to every American, also accepts Ethereum, Bitcoin and other campaign donations. digital assets.
Bitcoin is it a question of debate?
Given that 22 candidates are contesting the Democratic nomination, it is possible that the question of Bitcoin arises in the upcoming Democratic debates. As Barnum said many years ago: "Bad publicity does not exist", and history has shown that Bitcoin thrives through the press, whether it is positive or negative.
Do you think Bitcoin will be a topic for the 2020 presidential candidates to discuss? Share your opinion in the comments below!
Images via Shutterstock, Twitter, Source via Forbes
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