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Trump Defeating Biden Would Be Good for Bitcoin: Standard Chartered - Decrypt thumbnail
Trump Defeating Biden Would Be Good for Bitcoin: Standard Chartered - Decrypt
decrypt.co
Trump Defeating Biden Would Be Good for Bitcoin: Standard Chartered Analysts at British bank Standard Chartered today said that a second Donald Trump presidency could do Bitcoin good. onald Trump used to be anti-crypto. But if he wins in November and becomes United States President for a second term
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Summary

🔹 Analysts at Standard Chartered believe that a second term for President Trump could be good for Bitcoin.
🔹 They suggest that a Trump administration would be less strict on Bitcoin compared to a Biden administration.
🔹 If Trump wins, foreign buyers of US treasuries may shift to alternative assets like Bitcoin, driving up its price.
🔹 The analysts also predict that import tariffs under Trump could lead to large reserve managers buying Bitcoin in 2025.
🔹 Trump, who previously criticized Bitcoin, has expressed interest in the asset and other cryptocurrencies.

Top Highlights

  • Trump Defeating Biden Would Be Good for Bitcoin: Standard Chartered Analysts at British bank Standard Chartered today said that a second Donald Trump presidency could do Bitcoin good.
  • onald Trump used to be anti-crypto. But if he wins in November and becomes United States President for a second term, Bitcoin could benefit, according to British banking giant Standard Chartered.
  • In a Tuesday note, Standard Chartered digital assets researcher Geoffrey Kendrick said that another Trump administration would not be as strict on Bitcoin as a Biden one might be. And if Trump wins, then foreign official buyers of U.S. treasuries may want to shift to alternative financial assets like Bitcoin out of caution, he added—which would pu...
  • It adds that import tariffs under a Trump presidency would lead “several large reserve managers to be buying BTC in 2025.”  Back in March, Trump—who previously slammed Bitcoin—said he’d enjoyed making money and playing around with the asset and other cryptocurrencies.  “I make money with it, I have fun with it too,” he said. “Crazy new currencies...

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