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Why is Trump the direct cause of the bull run not happening yet?
Here are some points that highlight the differing views on Trump's impact on the cryptocurrency market:
Views indicating a negative or uncertain impact:
Protectionist policies and trade tensions: Trump's protectionist trade policies and the imposition of tariffs could lead to global economic tensions, potentially pushing investors toward safer assets and reducing demand for riskier assets like cryptocurrencies.
Market volatility: Threats of tariffs or political tensions could lead to volatility in financial markets in general, negatively impacting cryptocurrencies, which are considered risk-sensitive assets.
Views indicating a positive or potentially positive impact:
Later pro-crypto stance: Trump's stance has shifted significantly to become more pro-crypto. He has expressed his desire for the United States to become a global center for cryptocurrencies.
The idea of a strategic reserve: Trump has reportedly ordered the creation of a strategic reserve for cryptocurrencies, including Bitcoin, XRP, Solana, and Cardano. This is seen as a step to strengthen the industry.
Appointment of cryptocurrency-friendly officials: Trump has appointed figures seen as supportive of the cryptocurrency industry to leadership positions, such as the appointment of Mark Ueda as interim chairman of the Securities and Exchange Commission (SEC) and the nomination of Paul Atkins, which could ease regulatory pressure on companies operating in this space.
Bitcoin boost after his victory: In the period following his victory (or the increased likelihood of his victory) in the presidential election, Bitcoin and other cryptocurrencies experienced significant gains, with Bitcoin reaching new all-time highs. This is known as the "Trump Bump" or "Trump Effect," reflecting investor optimism about a favorable regulatory environment for cryptocurrencies under his administration.
$ADA
{spot}(ADAUSDT)
$XRP
{spot}(XRPUSDT)
$SOL
{spot}(SOLUSDT)
#TRUMP
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