Trump expected to overhaul Bitcoin regulations on day 1

in #bitcoin3 days ago

Why the pump?

There are several reasons for the latest bitcoin pump.

The first being that Trump is expected sweeping overhaul of rules and regulations surrounding bitcoin and crypto and that is expected to start on day 1.

That means we are about 5 days away.

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(Source: https://x.com/NikolausHoff/status/1879555489337647305/photo/1)

This the main reason for the pump, well perhaps it is the secondary reason.

The other reason is that inflation has cooled off and expectations for rate hikes are back to non existent.

That is different than people were starting to get a week ago.