This article is about how Donald Trump, who was once the president of the United States, said that he has a plan to make the U.S. the best place for a type of money called "crypto." He shared this on a social media app called Truth Social. People are waiting to see what this plan is about. Read from source...
Article Title: Trump Said Plan To Make US 'Crypto Capital' Of The Planet Would Come By Afternoon: Crypto Community Awaits
In the article, it is mentioned that former President Donald Trump teased a plan to make the U.S. the "crypto capital of the planet" while promoting the family-backed cryptocurrency project, World Liberty Financial. However, nothing concrete was announced at the time of writing, and Trump's campaign team didn't immediately respond to Benzinga's request for comment.
The article mentions Trump's pivot towards cryptocurrency as part of his election campaign, including launching the latest NFT collection, which has raised over $2 million in revenue. Additionally, the article notes that Trump's Democratic rival, Kamala Harris, has expanded her lead over the ex-president to 45% to 41% in the latest Reuters/Ipsos poll, with notable gains among women and Hispanic voters.
Price Action: As of this writing, Trump-themed Maga TRUMP/USD was exchanging hands at $3.36, up 0.75% down 2% in the last 24 hours.
Critics argue that the article lacks substantial information about Trump's plan to make the U.S. the crypto capital of the planet, and instead focuses on promoting the family-backed cryptocurrency project. The article's emphasis on Harris's lead over Trump in the polls is also criticized as irrelevant to the subject matter. Furthermore, critics argue that the article's coverage of the cryptocurrency market is superficial and fails to provide valuable insights for readers.
In conclusion, while the article provides some information on Trump's potential plans for the cryptocurrency market, critics argue that it lacks substance and falls short of providing valuable insights for readers.
Bearish
The reason for this sentiment being bearish is due to the uncertainty surrounding the announcement of Trump's plan to make the US the 'crypto capital' of the planet. There is a lack of concrete information provided, and without further context, this causes a sense of hesitation or skepticism from the crypto community.