How Long Will the Trump Crypto Boom Last?

Stocks and Investing
Source : (remove) : The New Yorker
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Mon, December 9, 2024

[ Mon, Dec 09th 2024 ] - The New Yorker

How Long Will the Trump Crypto Boom Last?

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^{Published in Stocks and Investing on Monday, December 9th 2024 at 9:01 GMT by The New Yorker}

As a pro-crypto Administration prepares to take power and crypto investors cheer, there are some parallels with the dot-com boom of the late nineties.

The article "How Long Will the Trump Crypto Boom Last?" from *The New Yorker* discusses the recent surge in cryptocurrency prices, particularly Bitcoin, following Donald Trump's endorsement of crypto during his campaign. Trump has promised to be the "crypto president," which has led to a significant increase in crypto market values, with Bitcoin reaching new highs. The piece explores the reasons behind this boom, including Trump's influence on his voter base, the potential for crypto to become a more mainstream financial tool, and the regulatory environment. However, it also raises concerns about the sustainability of this boom, pointing out the volatile nature of cryptocurrencies, the potential for regulatory crackdowns, and the speculative bubble that often surrounds such assets. The article questions whether this surge is a short-term phenomenon driven by political hype or if it signals a longer-term shift in the financial landscape.

Read the Full The New Yorker Article at:
[ https://www.newyorker.com/news/the-financial-page/how-long-will-the-trump-crypto-boom-last ]

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