Trump’s Crypto Crusade 💰

Bitcoin and most altcoins, like a chorus of hopeful souls, turned green on Saturday as investors nervously awaited the inaugural crypto summit hosted by President Donald Trump. 🤡

Bitcoin (BTC), that digital gold fever dream, climbed to $85,000, a full 8.5% above its lowest point this week. The total market cap of all cryptocurrencies, like a collective nervous twitch, surged to $2.8 trillion. 📈

At the time this message was sent, Bitcoin was up 2.1% and trading at about $84,600 — a veritable rollercoaster ride for those who dare to invest. 🎢

Some of the top performers in this crypto carnival, like Hedera Hashgraph, Celestia, Official Trump^TM, Stellar Lumens, and Sonic, soared by over 15%. 🚀

Trump, the master of the deal, will host the first-ever summit dedicated to Bitcoin and other cryptocurrencies next Friday. It’s bound to be a spectacle, likely featuring officials from the Treasury Department and a team from the crypto and AI office led by David Sacks and Bo Hines. 🤔

Who Will Attend This Digital Dance?

Imagine this: Top leaders in the crypto industry, including the heads of exchanges like Coinbase, Gemini, and Kraken, will likely be there. Most of these leaders, including the enigmatic Tyler and Cameron Winklevoss, were some of Trump’s biggest supporters during the campaign. 😉

Other potential attendees include leaders of popular made-in-the-USA cryptocurrencies like Cardano‘s Charles Hoskinson, Stellar’s Jed McCaleb, Ripple‘s Brad Garlinghouse, and Ondo Finance’s Nathan Allman. 🇺🇸

And, of course, who could forget Elon Musk, the techno-king himself, leading the Department of Government Efficiency or DOGE? He’ll likely be there, riding his wave of crypto support, with Tesla holding over 11,500 Bitcoins worth over $975 million. Musk is also pondering how the US government can use blockchain technology to cut costs. Talk about efficiency! 🤖

The U.S. Securities and Exchange Commission, ever since Gary Gensler resigned as chair, has ended some litigations involving companies like Uniswap, Coinbase, and Gemini. What a surprise! 🤨

As Trump considers a U.S. Bitcoin reserve, there’s a good chance that Bitcoin and other altcoins will rally ahead of this summit. It’s a gamble, but hey, in the world of crypto, what’s life without a little risk? 🎲

While Trump has been generally pro-crypto, some of his policies have contributed to the recent weakness. The most notable one is the tariff on American imports, which critics say will lead to higher inflation and market volatility. 💸

2025-03-01 19:15

Trump’s Crypto Crusade 💰

Who Will Attend This Digital Dance?

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