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How Trump pushed bitcoin to record highs

Nov 26, 2024

Emily Barrett, managing editor of The Saturday Paper, delves into how Donald Trump's election has ignited a crypto surge. She discusses Trump's transition from critic to supporter of Bitcoin and what a pro-crypto administration could mean for global economics. The conversation highlights potential mainstream adoption of cryptocurrency, regulatory challenges, and the risks of scams. Barrett also explores varying regulatory perspectives following major financial events, revealing insights on the future of crypto under Trump's influence.

13:02

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Episode guests

Emily Barrett

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Trump's shift to a pro-crypto stance, influenced by campaign donations, signals a potential transformation of the U.S. into a crypto-friendly nation.

The anticipated deregulation under a Trump administration may lead to increased market volatility and risks, prompting concerns among international investors.

Deep dives

Trump's Shift Toward Cryptocurrency

Donald Trump's emergence as a pro-crypto figure has significantly influenced the cryptocurrency market following his election. Initially skeptical about cryptocurrencies, Trump changed his stance largely due to substantial financial support from the crypto industry during his campaign. This shift was driven by a recognition of the political potential among young voters who favor cryptocurrencies, prompting Trump to embrace the pro-crypto sentiment. His promises, such as creating a national Bitcoin stockpile, reflect a commitment to transforming the U.S. into a leading crypto nation.

Intro

3min

The Rise of Cryptocurrency

4min

The Mainstreaming of Cryptocurrency and Its Risks

2min

Exploring Cryptocurrency Regulation and Its Global Impact

3min

Political Backlash Against Social Media Ban and Trump's Trade Threats

2min

Crypto is skyrocketing, ever since Donald Trump won the US election.

Trump is set to lead the most pro-crypto administration ever, promising a crypto advisory council and appointing a prominent pro-crypto hedge fund manager as his pick for Treasury secretary.

His campaign received considerable donations from the crypto industry, who hope he’ll come good on his promise to create a national bitcoin stockpile.

Today, managing editor of The Saturday Paper Emily Barrett on why Trump backs crypto and what it means for the global economy.

Socials: Stay in touch with us on Twitter and Instagram

Guest: Managing editor of The Saturday Paper Emily Barrett

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