While the article was being prepared, Donald Trump was speaking and made statements that excited cryptocurrencies. Bitcoin $101,713.0 price It rose again to 106 thousand dollars. Even though the daily ups and downs of $5,000 continue to wear out the altcons, what he said is exciting. If you are wondering why cryptocurrencies are rising, the answer is Trump.
Why Are Cryptocurrencies Rising?
New US President Trump said in his ongoing statements that he would demand lower interest rates. Although the Fed is an independent institution trump may try to exert pressure through various means. Powell He had said that he would stay in place until his term ended and that the institution would continue to do what it was doing despite the changing government.
The important highlights of Trump’s statements are as follows:
“I will demand lower interest rates: I will guarantee the security of US energy supply to Europe. The EU should not go after US companies. I will do something about the trade deficit with the EU. EU’s customs duties and EU tariffs make it very difficult to import products into Europe. The EU treats the USA very badly.
I ask NATO countries to increase their defense spending to 5% of GDP. I will demand that interest rates be reduced. I will ask Saudi MBS for a $1 trillion investment. I will ask OPEC to lower oil prices.
If you don’t you will have to pay customs duty. Congress will pass the largest tax cut in American history. Biden lost control on inflation and the border. “If the product is produced in the USA, I will reduce the corporate tax rate to 15%.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
