Donald Trump is a fan of Ethereum?
On social media, you can find a screenshot from the Arkham Intelligence platform that shows the composition of a wallet associated with Donald Trump, which contains almost exclusively elements of the Ethereum ecosystem. Or more precisely: mainly ether. Most traders considered this to be the US President’s main allocation. He also has TRUMP memcoins, some stablecoins and trace amounts of other cryptocurrencies. Does not have BTC!
All this sparked speculation. Won’t Trump or his advisers quietly support Ethereum now? Moreover, investing mainly in ether means that the most important politician in the US believes that ETH is the best investment option on the cryptocurrency market. He often talks about bitcoin, but does not invest in it. At least we have no proof of it.
Will Ether still be an investment hit?
However, it is worth taking into account that this is not the end of the bull market. Why do I think so? It’s about macroeconomics. Only on December 1 will the Fed end the process of quantitative tightening, which has so far held back the growth of ether and altcoins. Moreover, the US central bank will probably cut interest rates again in December. Only now are favorable conditions for digital assets being created on the market.
BitMine, headed by well-known investor and analyst Tom Lee, is also playing on ETH’s growth. She just bought another little over 14,000. ETH worth $44.3 million.
