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Showing posts with the label donald trump

De-Dollarization: Investors Are Ditching US Dollar For Yen & Franc

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President Donald Trump has adopted an aggressive stance when it comes to levying tariffs on nations. On April 2nd, Trump announced a fresh spree of reciprocal tariffs on nations to bolster the US economy. This development has, however, negatively impacted the investor sentiment that has lately been exploring other currencies as safe haven assets. That being said, Trump’s aggressive tariff policy has also been impacting the US dollar, leading it to experience fierce volatility. With investors exploring other currencies, is Trump truly adding more fuel to the rising de-dollarization narratives? Also Read: Gold Hits Record $3,167: How Trump’s Tariffs Are Fueling the Surge Major Currencies Win Against the US Dollar Source: Watcher Guru Experts are predicting a volatile US economic future, with the US dollar noting fluctuations in its current market stance. On April 2nd, Trump announced a list of fresh reciprocal taxes, sparking active trade war fears on the horizon. Trump levied a 34%...

U.S. economist slams ‘rationale for an XRP reserve’

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Renowned U.S. economist Peter Schiff, sharply criticized the idea of including XRP in the United States Cryptocurrency Strategic Reserve, questioning its purpose amid broader discussions about digital assets in the American economy. In a March 2, 2025, post on X, Schiff acknowledged the logic behind a Bitcoin (BTC) reserve, likening it to its digital gold narrative, but expressed his disapproval at the inclusion of the token, ‘what’s the rationale for an XRP reserve? Why the hell would we need that?’ I get the rationale for a Bitcoin reserve. I don't agree with it, but I get it. We have a gold reserve. Bitcoin is digital gold, which is better than analog gold. So let's create a Bitcoin reserve too. But what's the rationale for an XRP reserve? Why the hell would we need that? — Peter Schiff (@PeterSchiff) March 2, 2025 The gold bug added to one post: Picks for you ...

De-Dollarization: Trump Tariff Threats Could Bulldoze US Dollar: Here's How

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Donald Trump, the 47th US president, has issued a series of threats against global nations. Trump, in his tweets, asserted how nations that have lately been contemplating ditching the US dollar should be ready to bear its implications. However, Trump’s threats have begun to fan the flames of the de-dollarization more than before. Will these threats compel nations to embrace USD or ditch it? Let’s find out. Also Read: SEC Approves Bitcoin-Ethereum ETF—Crypto Jumps 12% with $100M Inflows! Is Trump Spearheading De-Dollarization? In his latest set of statements, Trump has issued a strict warning against the BRICS nations. Trump reiterated his earlier stance with a more fierce outlook, claiming that the bloc’s intent to uproot the US dollar will never materialize. “The idea that the BRICS countries are trying to move away from the dollar while we stand by and watch is OVER. We are going to require a commitment from these seemingly hostile countries that they will neither create a...

Donald Trump’s crypto executive order doesn’t mention Bitcoin

President Donald Trump has issued an executive order entitled “STRENGTHENING AMERICAN LEADERSHIP IN DIGITAL FINANCIAL TECHNOLOGY” that purports to “promote United States leadership in digital assets.” However, Bitcoin purists may be disappointed that the order doesn’t specifically mention Bitcoin, instead focusing on cryptocurrency more broadly. The order is concerned generally with reiterating the administration’s support for the industry and includes an emphasis on “promoting fair and open access to banking services for all law-abiding individual citizens and private-sector entities.” It also calls for a review of regulations, creates a President’s Working Group, calls for an investigation into the establishment of “ a national digital asset stockpile ,” and attempts to ban Central Bank Digital Currencies (CBDCs) with a problematically broad definition. President’s Working Group on Digital Asset M...

Donald Trump’s World Liberty Financial Becomes Top 0.1% Holder of Staked Ethereum After Massive Accumulation

New data from crypto analytics platform Arkham reveals that President Donald Trump’s decentralized finance (DeFi) platform has become a top 0.1% holder of staked Ethereum (stETH) after gobbling up tens of millions of dollars worth of ETH. In a new thread on the social media platform X, Arkham says that World Liberty Financial (WLFI) – which launched earlier this year – is staking $33 million worth of the top altcoin, making them a top 0.1% holder of stETH. The data also unveils other notable holdings of WLFI, which include $182 million worth of ETH, $55.6 million worth of the stablecoin USDC, $48 million worth of Wrapped Bitcoin (WBTC), $6.9 million worth of crypto lending protocol Aave (AAVE), and $6.2 million worth of decentralized oracle provider Chainlink (LINK). Arkham goes on to note that WLFI purchased both ETH and WBTC on January 20th, the day of Trump’s second inauguration, to celebrate his return to the White House. “Trump’s Worl...

Trump’s World Liberty Financial buys millions of Bitcoin

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World Liberty Financial (WLFI), a decentralized finance platform reportedly backed by Donald Trump and his family, made headlines with a massive cryptocurrency buying spree just hours before Trump’s inauguration ceremony. According to data from Arkham Intelligence , WLFI’s wallet address acquired over $109 million in digital assets across six cryptocurrencies in a single day.  Among the most notable purchases was 177.26 Wrapped Bitcoin (WBTC), worth approximately $18.8 million in the past two hours. WBTC is a Bitcoin derivative token that runs natively on the Ethereum blockchain. Picks for you AI predicts Solana price for February 1, 2025 2 hours ago Whales load up on 100 million XRP - surge coming? 4 hours ago...

Wyoming Introduces Legislation to Allow Funds to Diversify into Bitcoin

The state of Wyoming is introducing new legislation to allow permanent funds to diversify into Bitcoin, paving the way toward a Bitcoin Reserve. According to WY senator Cynthia Lummis, the proposal will “benefit our state as we lead the nation in financial innovation!” JUST IN: Wyoming introduces legislation to allow permanent funds to diversify into Bitcoin, Senator Cynthia Lummis says. — Watcher.Guru (@WatcherGuru) January 17, 2025 Recently, Senator Lummis and Donald Trump’s incoming Treasury Secretary Scott Bessent met to discuss the United States’ potential strategic Bitcoin reserve. Senator Lummis has been a strong advocate for establishing a Bitcoin reserve in the United States. She and other US senators introduced the bill to the senate last year, saying that Bitcoin as a reserve asset could rescue the US economy. Lummis’ draft for the Bitcoin Act of 2024 proposes the country create a reserve of the leading crypto. Its presence would strengthen the US dollar an...

What’s the Worth of Donald Trump’s Cryptocurrency Portfolio?

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President-elect Donald Trump has been making headlines in the cryptocurrency industry. Trump has come a long way from condemning Bitcoin (BTC) to embracing it. While several partially regarded BTC’s $100,000 milestone to Trump, the former president took full credit. Highlighting the king coin’s 50% uptick since his election win, he said: “CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!” However, the real question is whether Trump made any profits from the recent market surge. Also Read: How High Will XRP Trade On Christmas Day? Looking Into Donald Trump’s Portfolio Source – Arkham Intelligence It seems like Trump is keen on altcoins and meme cryptocurrencies as opposed to Bitcoin. According to recent data, the President-elect’s portfolio was at just $1.5 million last week. But it is currently worth $8.3 million. This surge is notable, considering Trump has invested a notable amount of money...

Paul Atkins Leads Kalshi Odds For SEC Chair After Reports Trump Team Reached Out

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Kalshi odds that long-time crypto supporter and former US Securities and Exchange Commission (SEC) member Paul Atkins will be the regulator’s next chair soared to 93% following reports that President-elect Donald Trump reached out to him. Atkins’ Kalshi odds surged 20% in the last 24 hours to a peak of 93%. His odds have since fallen to stand at 67% as of 1:40 a.m. EST. Despite the correction, Atkins remains the favorite on the prediction platform, with Brain Brooks and Teresa Goody Guillen having the next highest odds at 17% each.  Trump Reportedly Picked Paul Atkins To Be The Next SEC Chair A Nov. 27 report from Politico said that Trump’s team invited Atkins to an interview with the incoming US President. Atkins was then spotted at the President-elect’s Mar-A-Lago resort earlier this week. Several news outlets have since suggested that Trump has selected Atkins to be his SEC chair pick, citing unnamed sources familiar with the matter. Trump’...

Will The ”Crypto President” Deliver? What A Donald Trump Presidency Means For Crypto

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Donald Trump has won the US presidency for a second term after emerging victorious against Kamala Harris in the US election, leaving many wondering if the Trump presidency will deliver on the campaign promises he made to the digital asset space From firing Securities and Exchange Commission (SEC) chair Gary Gensler ”on day one,” to making the US ”the crypto capital of the planet,” and establishing a strategic Bitcoin reserve, Trump has talked up an ambitious pro-crypto agenda. In anticipation of what’s to come, the crypto market is celebrating the victory, with Bitcoin’s price surging 8% to trade above $74K as of 8:09 a.m. EST, while the broader crypto market has seen its market capitalization jump 8%. Donald Trump Promises To Be “Crypto President,” Fire Gensler Earlier this year, Trump said he wants to become the “crypto president” if he gets elected, and that he’d get the job started by firing Gensler on the fi...

Aave Whale Buys $2.5 Million Coins, Price Jumps 5%: $170 Next?

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According to the cryptocurrency Analysis firm LookOnChain, an Aave (AAVE) whale has purchased 16,818 coins worth around $2.59 million. The whale previously purchased 31,173 coins, worth about $4.8 million, on Sunday, Oct. 13, 2024. The wallet has purchased $7.45 million worth of the coin in just two days. Also Read: VeChain Weekly Price Prediction: Can VET Hit $0.03 This Week? The whale bought another 16,818 $AAVE($2.59M) 3 hours ago and deposited it into #Aave. Then he borrowed 2M $GHO to buy more $AAVE. This whale bought a total of 47,991 $AAVE($7.45M) in just 2 days.https://t.co/Aj7wIlf5SJ pic.twitter.com/gVPGFE8W6S — Lookonchain (@lookonchain) October 14, 2024 Impact Of Whale Purchases On Aave’s Price And Future Predictions The whale’s buying spree seems to have positively impacted the asset’s price. The cryptocurrency is up by 2.7% in the daily charts, 5.2% in the weekly charts, 12.3% over the previous month, and 146.6% since October 2023. Despite the rally...

Pro-Bitcoin Candidate RFK Jr Suspends Campaign, Endorses Trump

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RFK Jr. announced Friday he was suspending his presidential campaign and taking himself off the ballot in battleground states. The pro-bitcoin candidate will aim to swing the election to former President Donald Trump’s advantage. Robert F. Kennedy Jr said Trump had asked to “enlist” him in a Trump administration, an offer that followed weeks of correspondence between the men. Trump and RFK Jr held a meeting together in Florida recently. “In a series of long, intense discussions, I was surprised to discover that we are aligned on many key issues,” Kennedy said in a press conference in Phoenix Friday. “In those meetings, he suggested that we join forces as a unity party.” Kennedy did not specify what role he might serve in a potential Trump administration. Source: CNN Also Read: BRICS to Launch Crypto Exchange and Yuan-Pegged Stablecoin Describing his decision, RFK Jr added, “I want everyone to know I am not terminating my campaign. I am simply suspending it and no...

Trump's $3.4 Million Crypto Secret: Ethereum Leads the Charge

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Ethereum is the main part of former President Donald Trump’s crypto portfolio. This news has shocked both political and financial worlds, showing how a famous person’s investment strategy can influence markets. Also Read: U.S. Credit Card Debt Reaches Record $1.14 Trillion Trump’s Crypto Portfolio: Ethereum’s Dominance and Investment Insights A Look at Trump’s Digital Wallet Trump’s crypto was revealed in a government filing. It’s worth $1-5 million. Experts say it’s about $3.4 million. Most of this is in Ethereum, with Trump owning 492.72 ETH, worth $1.29 million. Beyond Ethereum: Other Coins in Trump’s Wallet Trump’s investment strategy includes more than Ethereum. He has 377.465 Wrapped Ethereum (WETH), worth about $1 million. This shows he understands DeFi, where WETH is often used. He also has $136,290 in USDC, a stablecoin. This helps balance his risky crypto investments. There are also some Trump-themed tokens, but it...

Bitcoin Price Prediction: BTC Soars 7% Following Donald Trump Conference As Analysts Say This Might Be The Next 100X Crypto

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The Bitcoin price surged 7% in the last 24 hours to trade at $61,031 as of 5 a.m. EST on trading volume that went up 9% to $43.5 billion. The world’s first and oldest cryptocurrency is still about 5% down on a weekly chart, meaning that the recovery seen in the last four days was not enough for BTC to make up for the losses seen before that. However, the coin has still seen a 100% price increase in the last 12 months, even though it is far from its ATH at the moment. In 2024, Bitcoin saw its top performance between March and August, and while it had plenty of ups and downs, this was an important year for the asset. Not only did the US finally introduce Bitcoin spot ETFs, which were likely behind the coin’s early surge, but it also saw its fourth block rewards halving. For many, this means that the next year-long crypto rally is not far, especially since it has already been months since the halving took place. But, Bitcoin price recent surge came soon after Trump’s ...

Donald Trump's $844K Bitcoin Roundtable: Worth It?

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The Donald Trump Bitcoin roundtable is causing a stir in the crypto world. As the Bitcoin Conference 2024 nears, many discuss the former president’s pricey meeting. Also Read: Crypto Politics: Trump’s Endorsement Shakes Up the Industry Decoding Trump’s High-Stakes Crypto Gathering The Big Price Tag Donald Trump has invited a few people to a special meeting at the upcoming Bitcoin 2024 conference in Nashville. The cost? A huge $844,600 to join. This unusual move has surprised many in the crypto world. What You Get for the Money For this big sum, guests get to sit with Trump and have front-row seats for his Bitcoin talk at the conference. They can also pay $60,000 (one person) or $100,000 (two people) for photos with Trump. Who’s Coming to the Meeting The event has some big names in politics. Besides Trump, guests might meet his possible vice president, Sen. J.D. Vance (R-Ohio), Sen. Bill Hagerty (R-Tenn.), Vivek Ramaswamy, and Rep. Tulsi Gabbard (D-Hawaii). Also Read...