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Former US president Donald Trump supported cryptocurrencies during a special NFT event and could even help Bitcoin price boom to $200K by 2025.
The current presidential candidate, Donald Trump, voiced his support for cryptocurrency during the NFT event at the Mar-a-Lago resort in Florida. NFT fans who purchased at least 47 of his NFTs, each costing $99, had dinner with Trump.
Is Donald Trump Turning The Crypto Game?
At an NFT event at the Mar-a-Lago resort in Florida, Donald Trump made more than a few memorable quotes related to cryptocurrency, NFTs, and Jeo Boden (BODEN) memecoin. On May 8, Trump raised his voice for cryptocurrency, especially Bitcoin (BTC).
At the press time, BTC was trading at $60,993.91, after a drop of 1.99% in a day with a market cap of $1,201,195,154,115. Bitcoin Magazine took to X to inform its 3.2 Million followers of Donald Trump’s support of Bitcoin.
JUST IN: 🇺🇸 Donald Trump and the FED could help the #Bitcoin price rocket to $200,000 by 2025: Forbes
— Bitcoin Magazine (@BitcoinMagazine) May 9, 2024
When the Bull began his run.. pic.twitter.com/NwRz7JCoEn
He and the Federal Reserve (FED) could skyrocket BTC to $200K per BTC by the end of 2025.
“The likelihood of U.S. fiscal dominance with the monetization of government debt by the Federal Reserve is growing which may contribute to BTC’s price skyrocketing between $150,000 and $200,00 by the end of 2025”, Geoff Kendrick, Standard Chartered’s head of FX and crypto research.
Trump’s Recent NFT Dinner Highlights
On Wednesday, Trump NFT buyers were allowed to dine with the former President and make NFTs hot again. He vowed to offer a better regulatory environment for crypto businesses by eliminating the ‘hostility’ toward crypto through “Malcolm”.
JUST IN: Donald Trump says if he doesn't want crypto business leaving the United States due to regulation hostility.
— Bitcoin Magazine (@BitcoinMagazine) May 9, 2024
"If we're going to embrace it then we have to let them be here." 🇺🇸
pic.twitter.com/p2OHc9UtHS
Apart from this, Trump also voiced NFTs and BODEN memecoin. He claimed he made “NFTs hot again” when the NFT market lost its steam. In the same way, he commented on the BODEN coin, which boasts a market cap of $244 Million.
“That’s a lotta money for a coin, I don’t like that investment,” he added.
What About Crypto Popularity In the US?
Trump also spoke for cryptocurrencies’ popularity and relevance in the US marketplace, as well as work for the utilization of digital assets for donation. Also, Trump wouldn’t favor the creation of a central bank digital currency (CBDC) under his watch.
Countries by Cryptocurrency Value Received I Source: Chainalysis
As per the Chainalysis report, the United States’s crypto market is much more active regarding crypto value received. Between July 2022 and June 2023, the US received over $1 Trillion, whereas Canada received less than $250 Billion.
The data showcase that a boost in crypto popularity in the US could lead to cryptocurrencies being more stable and trustworthy.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
