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What will be the global market reaction to the 'Trump Max' Bitcoin plan?
2
Resolution / Starting Odds
Positive market rally • 25%
Negative market downturn • 25%
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Financial news reports and market analysis from sources like Bloomberg, Reuters, or CNBC
Story
Bitcoin Surges 30% Post-Trump Win; Saylor Proposes 4 Million BTC for U.S. Treasury by 2025, Worth $81 Trillion
Dec 4, 2024, 12:39 AM
Following Donald Trump's recent presidential victory, Bitcoin (BTC) has surged by 30%. Analysts suggest that the upcoming 2025 inauguration may mark a cooling period for the cryptocurrency, as historical trends indicate that post-election market enthusiasm often wanes once a new president assumes office. In light of this, MicroStrategy's CEO Michael Saylor has proposed a strategic initiative dubbed the 'Trump Max' plan, which advocates for the U.S. government to acquire 4 million BTC and reinvest 75% of budget surpluses into Bitcoin. This strategy is projected to potentially increase the value of the Bitcoin reserve to $81 trillion by 2045, aiming to bolster the U.S.'s financial standing globally. The discussions around this initiative raise questions about its feasibility and the implications for the cryptocurrency market during Trump's second term.
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