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HKEJ Instant News - International Finance - Trump says he has become a loyal fan of cryptocurrency - HKEJ website hkej.com
U.S. President Trump responded positively at a press conference on Monday when asked whether Bitcoin would be included in the recently launched “Trump Accounts,” saying that he has already become a devoted supporter of cryptocurrency.
After Trump publicly stated his support for cryptocurrency, Bitcoin’s price strengthened and is currently up 1.7%, trading at $63,810.
“Trump Accounts” were officially launched over the past weekend, aiming to help children build long-term savings throughout their lives. These accounts come with tax benefits and are expected to drive capital flows into the U.S. stock market, because investors can choose to invest in a range of exchange-traded funds (ETFs) that cover a broad market.