Trump's statement is discounted by the market, and the crypto summit may not be enough to boost Bitcoin prices

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ODAILY
03-06
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Odaily Odaily News reports that U.S. President Trump will host his first cryptocurrency summit at the White House this Friday. However, some analysts point out that this may not be enough to boost the price of . Alex Tapscott, Managing Director and Portfolio Manager of Canadian alternative investment firm Ninepoint Partners, said: "I think over time the market will start to discount Trump's statements. Frankly, I don't think Trump or anyone else needs to keep making major statements. What they need to do is focus on the hard work of developing a policy framework that will allow this industry to thrive in the U.S. I don't know if they will announce anything related to that at this meeting." (morningstar)

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