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Trump foreshadowed a surge in bitcoin and called for cryptocurrency hoarding

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29.07.2024

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The politician believes that the bitcoin rate will rise to the moon, so he advises to store digital assets and in no case get rid of them. Given the huge potential of BTC, Trump wants to turn the United States into a global cryptocurrency hub and develop bitcoin mining in the United States.

If he wins the presidential election, which will be held on November 5, Donald promises to form a cryptocurrency advisory council, the members of which will give the head of the United States recommendations on the conduct of policy towards digital assets. In addition, Trump plans to create a “strategic national bitcoin reserve,” apparently hinting at buying BTC with Treasury money.

Thanks to Trump's statement about the strategic bitcoin reserve, customers of the Polymarket betting platform who bet on the announcement of bitcoin's inclusion in the list of reserve assets in the United States made a fortune.

The platform's administrators believed that Donald's words about his plans to make bitcoin a reserve asset gave the event the status of an accomplished event, so many people who bet on this outcome earned a profit of 245% or more.