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Bitcoin, Dogecoin, and… – Top cryptos to buy under Trump’s new presidency
As Donald Trump prepares to take the oath of office for his second term as President of the United States, investors are left wondering which cryptocurrencies might benefit from his administration’s policies. While it’s difficult to predict with certainty how a Trump presidency will impact the market, some interesting insights can be gleaned from the past and potential future developments.
First off, Bitcoin (BTC) could potentially see significant gains under Trump’s leadership. In his first term as President, Trump was vocal about his support for cryptocurrencies, stating that they “have great potential.” While his administration didn’t take any concrete steps to promote their adoption, Trump’s words carried weight and contributed to the market’s upward momentum.
As we approach a new presidency, it’s possible that Trump could use his platform to once again champion the cause of Bitcoin. If he does so in a more forceful manner, it could help drive adoption and increase interest in the asset class as a whole. This could, in turn, have a positive impact on the price of BTC.
However, Dogecoin (DOGE) might see even greater gains under Trump’s leadership. As we’ve seen in the past, Elon Musk’s involvement with DOGE has been instrumental in driving its value higher. As the co-lead of the Department of Government Efficiency or D.O.G.E., any official mentions of the department could have a similar impact on the market.
In mid-October, for instance, Musk’s tweet about the department led to a 26% surge in DOGE’s value. While it’s unlikely that such a massive gain will repeat itself, even a small increase in visibility and credibility could lead to significant price appreciation.
Beyond these two assets, there are several other cryptos that might benefit from Trump’s presidency. One potential candidate is TAO (TAO), which has seen impressive gains of late and may continue to do so under the right circumstances. Another contender is SUI, a DeFi-focused asset that has been making waves in recent months.
As we look ahead to what could happen under Trump’s administration, it’s clear that Bitcoin, Dogecoin, and others have the potential to see significant gains. As always, though, it’s important for investors to do their own research and make informed decisions based on their individual circumstances.
What are your thoughts on this? Let us know in the comments section below.
Source: ambcrypto.com
