Thursday, April 18, 2024

Ex-US President Donald Trump Hints at Accepting Bitcoin Payments on Occasion.

Donald Trump, a former US president, has changed his mind about bitcoin. Trump claims the asset has seen a lot of use, while calling the greatest asset by market value a “scam.” The former president recently discussed Bitcoin in an interview with CNBC.

Bitcoin price climbed to a high of $72,226 on Monday

In the US, bitcoin may be more useful if former President Trump had his way.

During a CNBC Squawk Box interview, the 45th US President became more embracing of Bitcoin. Trump called Bitcoin a “scam” in 2021 and said that it jeopardised the US dollar’s position as the global reserve currency.

The former president’s words come after his previous statements on Bitcoin, when he stated that the cryptocurrency “will probably need regulation” and that it has taken on a life of its own.

In an interview with CNBC, Trump said that Bitcoin has seen a lot of use. He declared,

That has been very useful, and at this point, I’m not sure I would want to take it away.

In the US, bitcoin may be more useful if former President Trump had his way.

During a CNBC Squawk Box interview, the 45th US President became more embracing of Bitcoin. Trump called Bitcoin a “scam” in 2021 and said that it jeopardised the US dollar’s position as the global reserve currency.

The former president’s words come after his previous statements on Bitcoin, when he stated that the cryptocurrency “will probably need regulation” and that it has taken on a life of its own.

In an interview with CNBC, Trump said that Bitcoin has seen a lot of use. He declared,

That has been very useful, and at this point, I’m not sure I would want to take it away.

According to Trump, he will “occasionally let people pay” using bitcoin.

TRUMP coin sees massive pump

The price of MAGACoin (TRUMP) increased significantly on Monday. The price of TRUMP increased by over 26% on Monday as traders predicted that the 45th US President would win the 2024 election.

In the Solana ecosystem, a number of meme currencies have emerged in anticipation of the former president’s victory in the 2024 presidential contest. These are probably risky investments that might lead to a rug-pull situation if buyers are careless in doing their research before making a purchase.

Crypto trader DK discussed how meme coins level the playing field for traders and offered his thoughts on TREMP’s recent price surge. Nobody benefits from insider deals aside, and the influencer does not recommend investing a lot of money in meme coins like TREMP.

Over the last three days, DK’s returns on WHOREN, TREMP, HBODEN, and DREM have outperformed the returns on the other cryptocurrencies in his portfolio.

Memes are ridiculous

However, they level the playing field entirely. Aside from insider deals, really big influencers are the only ones that benefit. I am also unable to play with big money.

Memes like WHOREN, TREMP, HBODEN, DREM, and TRUMP are examples of small-cap cryptocurrency that need careful research and may lose money if the project is abandoned. Investors in these initiatives should understand that their money is at risk.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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