Today, cryptocurrencies have shown a slight recovery following statements from the Fed, with BTC nearing the crucial threshold of $86,000. If we can observe closures above $86,000, it may trigger a larger wave of growth in the cryptocurrency market. Some altcoins are continuing the day with gains exceeding 5%. So, when will Trump speak?
Trump and Cryptocurrencies
President Donald Trump is scheduled to speak at the Digital Asset Summit taking place in New York tomorrow. It is expected that Trump will deliver more determined and concrete statements regarding cryptocurrencies during his address to the audience.
A Historic First
This event also represents a historic first. For the first time, a sitting U.S. president will speak at a cryptocurrency summit. The announcement came after Bo Hines, Executive Director of the White House’s Council of Advisors on Digital Assets, spoke earlier this week about the administration’s intentions to accumulate BTC.
“Now is the perfect time for our president to start accumulating assets for the American people. I’m often asked how much do you want, right? We want to acquire as much as we can.” – Hines
Many political figures, including Tom Emmer, the CEO of Strategy, and representatives from the SEC will attend the event. The CEO of Ripple $2 will also be present.