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As the US presidential election approaches, crypto traders and analysts are speculating that a victory for Donald Trump in November could significantly boost the Bitcoin price to new heights, according to a report by the Financial Times.
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According to a Forbes report, former President Donald Trump has recently expressed strong support for Bitcoin (BTC), igniting discussions about classifying the cryptocurrency as a strategic reserve asset.
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The price of Bitcoin jumped as much as 1.1% after the presidential debate kicked off on Thursday evening, with Donald Trump extending his lead over Joe Biden in betting markets.
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In a surprising turn, former President Donald Trump has positioned himself as a strong advocate for cryptocurrencies, pledging to champion financial innovation and deregulation in the industry.
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In a notable gathering at Mar-a-Lago on Tuesday (June 11) night, former President Donald Trump met with key figures in the Bitcoin mining industry, affirming his support for the sector and pledging to advocate for its interests both domestically and internationally.
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