Eric Trump Promises the ‘Most Pro-Crypto President’ in History

Published On Dec 10, 2024, 3:20 PM

At the Bitcoin MENA 2024 conference in Abu Dhabi, Eric Trump announced his family's strong support for cryptocurrency, discussing their new venture in the crypto sector, World Liberty Financial. He claimed the upcoming presidency will be pro-crypto, implying support for less regulation in the sector. Eric Trump noted a celebration with his father, President-elect Donald J. Trump, upon Bitcoin reaching $100,000. This marks a bold shift from previous promises to separate business from governance, suggesting potential conflicts of interest ahead.

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Stock Forecasts

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Eric Trump’s promotion of cryptocurrency and the family’s new venture signals a bullish sentiment towards the crypto market. The impending pro-crypto policies from the President-elect could lead to increased interest and investment in the sector.

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The announcement of pro-crypto policies could uplift major cryptocurrencies and related stocks. As the Trump family is integrated into the crypto scene, companies that align with this narrative may benefit.

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