Trump Pledges Pro-Crypto Policies as Wall Street Pepe Raises $64 Million
David Bailey, a crypto policy advisor and aide to Donald Trump, revealed Trump's commitment to creating a pro-crypto environment in the US. Trump anticipates Bitcoin will reach unprecedented highs and aims for the US to outperform China in the cryptocurrency sector.
Key points include:
- Trump's prior skepticism has shifted towards support for cryptocurrencies.
- His campaign accepted crypto donations and discussed using Bitcoin to address the national debt of $35 trillion.
- Bitcoin reached over $109,000 after Trump's election but is currently trading around $102,500.
- Trump launched his own meme coin, $TRUMP, which experienced a 64% drop from its peak of $75 to $27.
- Supporters express dissatisfaction with $TRUMP's performance amid ongoing Bitcoin rallies.
New developments include the presale success of Wall Street Pepe ($WEPE), which raised nearly $64 million. It aims to empower small investors by providing access to insider strategies. The token's price is set at $0.0003665, and it could sell out soon.
Recent whale purchases of $WEPE indicate growing interest, and the project plans to allocate significant funds for marketing and community building.
Overall, Trump's evolving stance on cryptocurrencies may impact market dynamics as investors watch for potential new highs in Bitcoin and meme coins like $TRUMP and $WEPE.