From Investing.com

July 29, 2024 12:29:02 PM:

Former President Donald Trump’s remarks at the Bitcoin Conference 2024 in Nashville sparked optimism, leading to a rise in Bitcoin’s price. Analysts noted Trump’s positive stance on Bitcoin as a strategic reserve asset and stablecoins, while opposing CBDCs. Senator Lummis announced plans for a strategic Bitcoin reserve bill, boosting momentum. Analysts are optimistic about Coinbase’s long-term prospects and the potential for inclusion in the S&P 500 amid regulatory clarity and growing acceptance of digital assets. Trump’s comments are seen as a bullish signal for Coinbase, signaling progress toward broader acceptance and regulatory clarity in the US.

Read more at Investing.com: Trump comments on Bitcoin becoming Strategic National Reserve asset is bullish for Coinbase: Oppenheimer By Investing.com