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With renewed optimism about Trump’s crypto-friendly stance, investors are eyeing Bitcoin’s future with new-found enthusiasm.
What’s the Scoop?
- Record-Breaking Volumes: On election day, BlackRock’s spot
Bitcoin ETF saw an astonishing $4 billion in trading volume, mainly from heightened interest from investors. - Crypto-Friendly Hopes: With anticipation that Trump might foster a more crypto-friendly regulatory environment, enthusiasm for Bitcoin is gaining momentum.
Bankless Take:
While Trump has voiced support for crypto, the president-elect still has months before taking office and enacting any changes. Many in the crypto space are awaiting Gary Gensler’s potential removal and clearer regulatory guidelines. But let’s keep in mind that past presidential campaigns have made bold promises that didn’t always translate into imeediate action. The crypto community remains hopeful, but cautious.
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