‘Bitcoin Cheerleader’ Trumpets And ‘Dogefather’ Masks Give Crypto A Miss In Historic Debate; The price of BTC is not fixed around 60 thousand dollars
Bitcoin has had an amazing week since the former president delivered a keynote in July at the industry's annual Bitcoin conference in Nashville. Now, with Elon Musk and Trump's recent discussion/debate at X, the cryptocurrency community is hoping to find a mention of Bitcoin. Despite having missed Twitter/X for a while, Trump's return to the platform is seen as an effort to regain his footing in the race, especially if he has a large following.
Musk, the owner of X (formerly Twitter), pledged to donate $45 million a month to a pro-Donald Trump super PAC during the election. That's a big endorsement, showing Musk's strong support for Trump's return to the presidency.
However, the two decided to focus more on issues such as immigration and inflation. At the Nashville conference, Trump's recent shift to cryptocurrency, particularly bitcoin, was most evident when he promised to fire former president Gary Gensler.
While in office, Trump has been critical of cryptocurrency, calling it a “scam” that has no value. However, he reversed this stance, stating his desire to make America the “crypto capital of the planet” and “the world's bitcoin superpower.”
Trump's new embrace of cryptocurrencies is part of his broader interest in innovation and technology, which has drawn support from entrepreneurs and crypto CEOs. Trump has raised millions of dollars by accepting Bitcoin directly on the campaign trail, demonstrating the financial potential of joining the crypto industry.
The industry responded positively to Trump's speech, with Bitcoin hitting a six-week high following the speech. However, there is some skepticism among crypto enthusiasts given the mixed reactions on social media platforms like X.
