Today in Focus How Trump’s victory sparked a crypto boom
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Dec 9, 2024 
Blake Montgomery, Guardian US tech editor, delves into Donald Trump’s intriguing ties to the cryptocurrency world, discussing how his presidency might shape the industry. The chat uncovers Trump as the first president to speak at a crypto conference and examines the surge in Bitcoin's popularity amid shifting political alliances. Montgomery highlights the implications of deregulation fostered by powerful figures like Elon Musk, as well as the dual nature of cryptocurrencies that includes both opportunities and risks.
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Trump's Crypto Conversion
- Donald Trump, initially a Bitcoin skeptic, became the first US president to address a cryptocurrency conference.
- This shift signaled a growing relationship between the crypto industry and Trump.
Bitcoin's Post-Election Surge
- Since Trump's election win, Bitcoin's value has surged by over 40% this month alone.
- This price jump highlights the crypto market's positive reaction to his victory.
Trump's Evolving Crypto Stance
- Trump's initial skepticism towards Bitcoin has evolved into an embrace of the crypto industry.
- He now views it as a financial opportunity, launching his cryptocurrency and exploring crypto integration with Truth Social.