Trump’s Bitcoin Boost: Is It All Hype?

The price of Bitcoin dipped slightly on Saturday, even after former US President Donald Trump promised the cryptocurrency would “go to the moon” at the Bitcoin 2024 conference in Nashville, Tennessee. Trump’s appearance at the conference was part of a larger Republican effort to appeal to crypto holders ahead of the upcoming November election.

While Trump’s enthusiasm for Bitcoin is clear, it remains to be seen whether his words will have any lasting impact on the cryptocurrency market.

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