The news is out: Donald Trump is Michael Myers, and we just got a new Bitcoin of all time. high. When you think Trump is gone, he keeps coming back.
Two assassination attempts, one memec oin, FBI raidsand Elon does jumping jacksand Trump is now the first president to serve non-consecutive terms since Grover Cleaveland.
In our 99Bitcoins election coverage, we reveal what to expect in the Trump election. January economic plan.
* HARRIS TO DELIVE HIS CONCESSION SPEECH AROUND 6:00 p.m. ET (11:00 p.m. GMT) – SOURCES@reuters
– Carl Quintanilla (@carlquintanilla) November 6, 2024
While Kamala could have been better economically than the former Joe Or Obama, most experts and Americans agreed that Trump is a businessman’s strong point in this area.
This is why stocks and cryptocurrencies are pumping right now, with Bitcoin .cwp-coin-chart svg path { Stroke: ; line width: ; }
Price
Trading volume in 24 hours
Last price movement over 7 days
at a record level. This pump could earn us $100,000 Bitcoin before Christmas.
So what’s Trump’s next move for the economy? Let’s go.
IIs Trump the best pro-crypto presidential candidate? (Bitcoin at an all-time high)
At Bitcoin Nashville for the Bitcoin Conference 2024, Trump made several promises to the crypto community.
Even though some parts of his speech were dark, like Emperor Palpatine from Star WarsTrump changed everything for crypto and digital assets. Here’s what he said he would do:
- Gary Gensler, SEC Chairman on Fires
- Create a strategic stockpile of BTC (i.e. never sell the current US Bitcoin stack)
- Create a Crypto Task Force, ending antagonistic regulations against crypto within 100 days.
- Stop Operation Choke Point it was under Joe Biden
- And he won’t tax your capital gains at 50% like the Biden-Harris administration
Imagine traveling to 2010 and telling Bitcoin co-creator Hal Finney that the same guy from Home Alone 2 would create a strategic reserve of Bitcoin.
As Trump said: “The reason I love Bitcoin is two words: America First. We want countries like China to succeed with Bitcoin, but we want America to be the most successful.
DISCOVER: Best New Cryptocurrencies to Invest in in 2024 – Best New Crypto Coins
Other elements factoring into Trump’s new economic plans
Here are some other new policies from Trump’s economic plan, which he revealed in a speech to the Economic Club of New York.
The first and most important would be the end of sanctions.
While the Biden-Harris administration viewed Russia as anathema, Trump pledged to end sanctions and pursue options. for peace to end the war in Ukraine.
According to Trump, Russia, China and North Korea will not be enemies.
JUST IN:
China says it hopes "peaceful coexistence" with the United States.
"We respect the choice of the American people." pic.twitter.com/3UqdOD6a15
– BRICS News (@BRICSinfo) November 6, 2024
China says it hopes "peaceful coexistence" with the United States. However, Trump added that tariffs would play a crucial role in his foreign policy as they did in 2016. This is Trump at the Economic Club of New York.
Another central element of the proposal was to create a “Commission on the effectiveness of the Ministry of Government,” aka DOGE, and use this group to look for ways to reduce unnecessary spending. Trump said he got the idea from Tesla CEO and Dogefather Elon Musk and would ask him to lead the commission.
Elon would like to fire 80% of the federal government, or about 3 million people, which is a crazy number. We may be looking at Twitter 2.0.
Let that sink in pic.twitter.com/XvYFtDrhRm
– Elon Musk (@elonmusk) November 6, 2024
Another of Trump’s plans was to eliminate spending related to the “Green New Deal,” a Democratic-led plan against climate change. Trump also pledged to increase U.S. oil production.
Finally, Trump said he would stay in office tax cuts that will expire in 2025.
Watch our election coverage here if you want to learn more about ALL of Trump’s economic policies.
Donald Trump just changed everything for crypto!
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