Donald Trump will be speaking at Bitcoin Nashville tomorrow. His statements could be a turning point for crypto. I dug into how this might shake up the industry and which coins could potentially skyrocketed. Crucial insights to stay ahead of the game 🧵⬇️

Donald Trump's potential victory in the upcoming US presidential election is crucial for the crypto industry. ➜ Once skeptical about cryptocurrencies, Trump has recently shifted his stance, making several significant statements and actions during his campaign.

In May, Trump expressed a positive outlook on crypto companies and stated that, if elected, he intends to make the United States a leader in the crypto industry.

In June, he met with representatives of mining companies and later published a post stating that mining could be "our last line of defense against a CBDC."

Many experts agree that American mining and cryptocurrency companies will benefit from Trump's re-election. Christian Catalini, founder of the MIT Cryptoeconomics Lab, stated:

Also, in a few days, Trump will speak at Bitcoin 2024 in Nashville, the country's largest gathering of cryptocurrency fans, where experts anticipate sensational announcements. x.com/TheBitcoinConf/status/18...

● Market Reactions The market, influenced by the presidential candidate's actions and statements, also responds to events related to the race. For instance, it reacts to an assassination attempt or a debate victory by the Republican candidate.

● Rumors By the way, rumors are circulating online that the presidential candidate's speech at the Nashville conference will include Trump's announcement of a US strategic reserve in Bitcoin. x.com/Dennis_Porter_/status/18...

● Stablecoins The development of stablecoins could benefit the US economy, which has a national debt of $34.9 trillion. $USD itself is of little interest to anyone and it is difficult to create additional demand for the dollar. But stablecoin is still one of the most popular instruments.

Currently, most of $USDT and $USDC reserves are made up of treasury bonds. Increasing their capitalization to help alleviate the national debt seems logical. Donald Trump's policies have logic if he starts pushing crypto while at the same time increasing the capitalization of stablecoins. That would be a very successful strategy.

● Trump`s Team Trump is assembling a crypto-focused team, selecting Ohio Senator James David Vance, a venture capitalist and cryptocurrency supporter, as his vice president.

Another key team member could be BlackRock CEO Larry Fink, whom I have mentioned several times in my threads. He is interested in tokenization, which may suggest plans to develop stablecoins to support the US economy. x.com/WatcherGuru/status/18150...

● Market Outlook If Trump wins, he will return to the Oval Office in January 2025. This period may mark the end the altseason or the part of the altseason, following the market principle: "Buy the rumor, sell the news."

If Trump returns to office, I anticipate a significant influx of retail investors, who typically behave contrary to prevailing market principles. Consequently, I expect the market to peak at $3.5 trillion during this period.

● Narratives and projects In my opinion, the presidential campaign of the Republican candidate will primarily cause growth not only of Bitcoin, but also of the narratives we are accustomed to: RWA, AI, DePIN, memecoins, etc.

In my recent thread, I revealed the projects in my portfolio that I am betting on the most for the fall and winter of this year. x.com/wacy_time1/status/181077...

Donald Trump, much like Elon Musk in 2021, could be a key driver of the upcoming bull rally. The influence of American politics on the global stage is immense. A victory for a candidate who openly discusses Bitcoin could positively impact the crypto industry.

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