Donald Trump can end the so-called cryptocurrency by proving that digital currencies are not only groups of asset terrorists, said a financial expert.
During his successful electoral campaign, Trump promised to transform the United States into “the capital of the crypto world” and the enthusiasts were welcomed by the position of the administration
He made the complaints a few years after describing Bitcoin as a “scam”.
Trump even launched his own piece – a digital asset that has no real value.
Former President Joe Biden appeared indifferent to cryptocurrency, and experts think that Trump’s enthusiasm for digital assets could mark the start of a new era.
Investors simply believe that this federal government is more open to the idea of cryptocurrency than the previous one.
However, experts warn that Trump always has work when it comes to changing the story surrounding digital currencies.
Critics of Crypto revealed how extremist organizations and terrorist groups turned to digital currencies as a fundraising tool.
And, a chain-analysis The report revealed that extremist groups in Europe had seen an overlapping of cryptographic funds, and the exploitation of crypto is used by anti-American regimes such as Iran.
Cryptocurrencies are also vulnerable because their value can fluctuate, forcing users to expand to keep their assets or sell.
And, when the market stagnates or declines, it is known as a crypto winter.
Last week, Bitcoin And Ethereum has experienced strong drops.
Ethereum’s value fell by more than 17% in the last month.
And the evaluation of bitcoin has seen peaks and hollows.
Bitcoin increased to $ 100,000 on December 5 – its highest evaluation of the time.
He marked a 45% increase in the evaluation since the day of the election.
On January 30, Bitcoin was worth more than $ 105,000; Three days later, his assessment plunged at less than $ 93,000.
Ethereum’s evaluation also saw a sudden nose between February 1 and 3.
Expert advice: red flags of the Crypto scam
The expert in scam Toby Braun, managing manner of the American Special Investigative Group and Heroya Cryptocurrency Investigations spoke exclusively to the American sun of the warning signs of cryptographic scams.
Beware of a “trading, service or Crypto Fund platform offering unusual yields,” he said because these “are more than probably a scam”.
People who continue to continue investment should guarantee that “professional professional diligence” is carried out concerning the individual or the platform.
His second advice is to “refrain from responding to personal requests involving the cryptocurrency of an unknown source”.
This can be done via any social media platform, emails, SMS or WhatsApp.
The third red flag is approached by people who seem too friendly.
“Many crooks use Deepfake technology to pretend to be someone on dating sites they are not,” said Braun.
“Once the crooks connect with their insufficient victim who often seeks a real connection, they flatter them before sharing how much money they earn with the crypto.
“The victim is then attracted by a substantial investment and deposit funds that they will never see again.”
Likewise, the expert warned people far from committing to foreigners or people they have just met if they ask for money or encourage them to invest.
Finally, “be aware of everything that simply seems too good to be true. It is generally never,” he added.
But Bitcoin has experienced a regular increase in his assessment since Trump’s electoral victory, after oscillating about $ 60,000 in the weeks preceding the vote.
Addressing the US Sun while Trump was elected president, Daniel Strachman, who has more than 20 years of experience at Wall Street, believes that Trump’s enthusiasm for digital currencies can arouse a boost on the markets.
But, Strachman warned against too optimistic crypto enthusiasts.
“This euphoria is a bit aggressive. I don’t want to call it Tulip Mania but it feels quite frothy, “he said.
“We are still in the first five minutes of the football match – the first round of the baseball game.
“Trump’s victory was a reset of cryptography, because we have been in a situation in recent years when three or four things have happened.”
Strachman alluded to the way in which the Biden administration was rather indifferent or opposed the concept of cryptocurrency.
“Number two: you had a crypto winter, and things were not super economically super with the climb inflation And interest rates are increasing, “he added.
Trump’s meme corner
Donald Trump made his debut on a meter piece before being inaugurated for the second time as president.
The memes parts have no economic values and are inspired by memes or internet trends.
Experts have warned that the same parts are very volatile active ingredients.
Trump’s play $ Trump is marketed with an image of the president who holds a fist with the integrated word “combat”.
Trump said to his pure supporters to “fight” when he returned to his feet after being grazed in his ear in what was an attempt at his life during a gathering in Butler, Pennsylvania.
The website selling the Trump token warned that it was not an investment opportunity.
The first lady Melania also launched a piece of meme.
But, Ivanka Trump criticized a piece of meme that was created in her name.
“There were a lot of factors that caused the collapse of digital assets.”
The expert in Hedge Fund, Strachman, warned how much enthusiasm does not lead to mass adoption.
He underlined how the reputation linked to cryptocurrency must change first.
“There has not yet been mass adoption,” he said.
“There is still (the argument) that it is the tool of terrorists, drug traffickers and money laundry.
“There is this kind of cloud that still exists.
“You have tens of millions of people in the UNITED STATES Who are not yet on the train.
However, deactivating the perception surrounding digital currencies does not require a huge effort from the federal government, according to Strachman.
He does not believe that bureaucrats in Washington DC dictate in which currencies invest.
“They could potentially educate them on cryptocurrencies,” he said.
“It would not be a bad thing, but the federal government should not tell people” buy or buy it “. We don’t do that in this country. “”
Change the story
Trump, himself, could change the story surrounding digital currencies, according to Strachman.
“If he says, the crypto is good. The crypto is real. The crypto is there, “it will push these people, these greatest investors to make this adoption more complete,” he said.
Trump raised his eyebrows when he launched his own meter piece.
The piece of Melania is put online the day before the first lady for the second time.
Parts even are often inspired by Internet trends and are considered risky assets, by Coinbase.
Trump launched his coins after seeming to be an ardent crypto skeptic.
In a X Post from 2019, Trump said that Bitcoin’s evaluation was based on “thin air”.
“Unregulated cryptographic assets can facilitate illegal behavior, including drug trade and other illegal activities,” he said.
“We have only one real currency in the USAAnd it is stronger than ever, both reliable and reliable.
“It is by far the most dominant currency in the world, and it will always remain like that. This is called the US dollar! »»
In 2021, Trump described Bitcoin as a “scam against the dollar”.
Trump Trump
El Salvador entered history in 2021 by becoming the first country to adopt Bitcoin as a legal currency.
At the time, the country’s leaders declared that he would open financial services to those who have no bank accounts.
Government representatives have provided incentives such as discounts on gas which was paid in bitcoin in order to encourage deployment, according to the National Bureau of Economic Research.
Although El Salvador has established a precedent, countries have not followed suit.
And, the risks linked to cryptocurrencies have not disappeared.
Ivanka Trump was forced to publish a statement after the creation of a meter play on his behalf.
She warned that she had no involvement in the medal and said that the promotion was “misleading, operator and unacceptable”.
