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Trump Emerges as New Fuel for Crypto Hype Machine

In this edition of the Bloomberg Crypto newsletter, David Pan examines how Donald Trump hit the campaign trail again and discovered a newfound love of crypto.

Investors are adding to bullish wagers on crypto after a failed assassination attempted boosted speculation that Donald Trump is more likely to win the US presidential election in November.

The candidate’s pro-crypto position strikes a stark contract with the current administration’s crackdown on just about every type of company in the industry, ranging from digital-asset trading platforms and their banking partners to Bitcoin miners. In fact, it’s a stark contrast from Trump’s own position when he was president.



This article was originally published by a www.bloomberg.com . Read the Original article here. .

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