Since Trump’s election, Bitcoin has risen some 50%, set a new all-time high, and broken through the psychologically relevant $100,000 mark.
Other cryptocurrencies have advanced as well, in some cases generating even greater upside.
Trump has celebrated (and even taken credit for) the rally. His cabinet and other appointments are shaping up to be a group of unabashed advocates for Bitcoin and digital assets.
Crypto investors are clearly responding with enthusiasm to positive developments in Washington.
In the first 76report installment of How America Can Escape the Debt Trap, we analyzed several important aspects of the national debt problem, including:
the dangerous inflationary dynamic that excessive debt can trigger
what bond markets are currently signaling
Trump’s growth-oriented strategy to manage the debt burden
the types of assets that investors should focus on to protect their savings
In this second part of the discussion, we focus on conversations now taking place that position Bitcoin as a potential solution to America’s fiscal challenges.
We also analyze the opportunities these evolving policies present to individual investors.
TEAM TRUMP LOVES BITCOIN
Last week, Eric Trump, speaking at times on behalf of his father at a Bitcoin conference in Abu Dhabi, predicted Bitcoin is headed to $1 million per coin.
Eric Trump’s keynote speech is worth watching to get a sense of just how committed the Trump movement is to disrupting traditional finance, or TradFi, with decentralized blockchain-based finance, or DeFi.
