As Bitcoin's value exceeds $109,000 just before Donald Trump's inauguration, concerns are growing among economists and social activists about the potential volatility and speculative bubble this signifies in the cryptocurrency market. Critics of Trump's proposed deregulatory actions fear these moves could further inflate the bubble and lead to economic instability, disproportionately affecting the working class.
Bitcoin's Price Surge Amid Trump's Inauguration Sparks Concerns Over Financial Stability
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Jan-21
World
Score: 0.55
The price of bitcoin has surged to over $109,000 just hours ahead of President-elect Donald Trump's inauguration, as a pumped up cryptocurrency industry expects early action by him soon after he takes office. Trump vowed on the campaign trail to take steps in…
From seattlepi.com
Jan-21
World
Right Variant
Score: 0.80
The remarkable surge in Bitcoin's price to over $109,000 just before President-elect Trump takes office underscores the market's confidence in his promise for deregulation and economic growth. The cryptocurrency's unprecedented rise is seen as a direct endorsement of Trump’s pro-business agenda, which aims to reduce bureaucratic red tape and unleash the potential of digital currencies and technology sectors.
From seattlepi.com