Trump recently stated to Bloomberg that he plans to reduce corporate taxes to a range of 15-20%. Additionally, some supporters of cryptocurrency believe that influential figures in Silicon Valley see a Trump presidency as favorable for establishing Bitcoin as a globally preferred currency and hedge against inflation. This view is influenced by the potential for Bitcoin to serve as a “safe haven” amid geopolitical uncertainties and the weakening of the US dollar as the reserve currency, according to entrepreneur Mark Cuban.
He suggested that if this scenario unfolds and Trump wins the presidency, Bitcoin prices could surpass expectations. These developments have led to the first pro-crypto presidential ticket in the United States. Furthermore, Trump’s support for cryptocurrency received a boost after he survived an assassination attempt during a rally in Pennsylvania, resulting in a rise in the value of Bitcoin to over $65,000, marking a new monthly high.
Trump is also scheduled to speak at the Bitcoin Conference in Nashville.
