Bitcoin gained 1,900% in Trump’s first term: Will BTC price hit $1M this time?

November 7, 2024 Coin Telegraph

Bitcoin gained 1,900% in Trump’s first term: Will BTC price hit M this time?

Bitcoin could top $1 million per coin during Trump’s second term, according to historical price data.

Bitcoin (BTC) soared by over 1,900% during Donald Trump’s first term as United States president between November 2016 and November 2020. This occurred despite his critical stance on the cryptocurrency at the time, highlighted by his well-known 2019 tweet labeling BTC as “highly volatile” and claiming its value was “based on thin air.”

BTC/USD daily price chart. Source: TradingView

However, Trump’s second term as the US president looks poised to be more favorable toward the cryptocurrency industry, given his pledge to make the US a “Bitcoin superpower” and implement deregulation to foster the crypto industry.

13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies

3 signs Bitcoin’s ‘parabolic phase’ with a $250K target is about to begin

October 20, 2024 Coin Telegraph

<div>3 signs Bitcoin’s 'parabolic phase' with a 0K target is about to begin</div>

Bitcoin Halving

Bitcoin whale accumulation, chart technicals, and a declining stablecoin dominance hint at a BTC price bull run ahead.

Bitcoin’s (BTC) price has climbed 55% so far in 2024, including 12.50% gains in October. Its recent increases have been fueled by an overall improving risk-on sentiment led by better-than-expected Wall Street earnings.

BTC/USD daily price chart. Source: TradingView

Additionally, investors are increasingly pricing in potential Federal Reserve rate cuts in November, with pro-crypto Donald Trump’s rising odds of winning the 2024 presidential election furthering the optimism.

13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies

Global South View: US Politicians Aren’t Saviors of Crypto; Innovation Should Precede Regulation

July 8, 2024 Bitcoin.com

Bitcoin

Donald Trump and other U.S. politicians’ embrace of crypto has sparked hope and encouraged stakeholders who see lobbying as a way to influence policymakers. However, lingering doubts about the sincerity of politicians should serve as a warning, reminding innovators that they thrive when prioritizing users’ needs over political interests. Crypto Emerges as a Key Election […]

13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies

Spot Ether ETF Approval Expected to Enhance Crypto Asset’s Legitimacy and Utility, Says Hedera Council President

June 29, 2024 Bitcoin.com

asset tokenization

While lobbying is likely to play an important role in shaping crypto policy, just as it has done in the early days of most industries, Charles Adkins, President of the Hedera Council, believes showcasing the tangible benefits of blockchain technology is a far more sustainable approach. Therefore, instead of relying solely on lobbying efforts or […]

13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies

Bitcoin spikes as betting markets favor Trump during debate with Biden

June 28, 2024 Coin Telegraph

bitcoin donald trump

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 prediction markets.

The price of Bitcoin jumped as much as 1.1% during a 90-minute presidential debate between Donald Trump and Joe Biden, which saw Trump widen the gap between him and Biden on betting markets.

Bitcoin (BTC) was trading at $61,439 before the debate commenced and quickly jumped as high as $62,152 as Donald Trump and Joe Biden answered rapid-fire questions from CNN moderators. It has since fallen back to $61,362 at the time of publication, per TradingView data.

Data from prediction markets platform PredictIt showed Trump’s odds of winning the presidency surging. At the same time, Biden’s chances plummeted, as watchers noticed Biden stumbled through some answers and failed to finish some sentences throughout the debate.

13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies

Donald Trump Says Crypto Is ‘Very Dangerous’ — Warns of ‘Explosion Like We’ve Never Seen’

December 22, 2021 Bitcoin.com

bitcoin.com

Former U.S. President Donald Trump says that crypto is “a very dangerous thing.” Commenting on cryptocurrencies, he warned of “an explosion someday” that will “make the big tech explosion look like baby stuff.” He also talked about his new social media platform, Truth Social, and his wife’s non-fungible token (NFT) venture. Former US President Trump […]

13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies

Donald Trump on Crypto: ‘I Don’t Want Other Currencies Coming Out and Hurting the Dollar’

October 4, 2021 Bitcoin.com

bitcoin.com

Former U.S. President Donald Trump has commented on the growing popularity of cryptocurrencies and the crypto crackdown by the Chinese government. He reiterated his anti-crypto stance: “I don’t want to have other currencies coming out and hurting or demeaning the dollar in any way.” Donald Trump Comments on Crypto and China’s Crackdown Former U.S. President […]

13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies

Former US President Donald Trump: Cryptocurrencies Are ‘a Disaster Waiting to Happen’

August 31, 2021 Bitcoin.com

bitcoin.com

Former U.S. President Donald Trump says cryptocurrencies are “potentially a disaster waiting to happen.” In addition, he said that they “may be fake.” His comments followed another when he said bitcoin “seemed like a scam.” Trump Is Still No Fan of Bitcoin or Crypto Donald Trump talked about cryptocurrency in an interview with Fox Business […]

13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies

Donald Trump Detests Bitcoin, Calls BTC a Scam, Wants Heavy Crypto Regulation

June 8, 2021 Bitcoin.com

bitcoin competing dollar

Former U.S. President Donald Trump says he does not like bitcoin because it is a currency that competes with the dollar, which he wants to be the currency of the world. He calls bitcoin a scam and wants cryptocurrency to be very heavily regulated. Trump Thinks Bitcoin Is a Scam, Wants Heavy Regulation on Crypto […]

donald trump bitcoin