Former US President Donald Trump recently reiterated his support for Bitcoin (BTC). His statement comes as the crypto industry groans under the regulatory pressures from the SEC under Biden’s administration. How is Ethereum (ETH) expected to react?
Also, will RCO Finance (RCOF), a new crypto that promises a 3000% profit in its presale, benefit from this statement? Let’s find out!
RCO Finance Could Be The Greatest Beneficiary Of A Crypto-friendly White House
RCO Finance is a new crypto project that aims to transform DeFi. The project has developed many revolutionary offerings that will change the DeFi space and seamlessly integrate it with the traditional finance system.
One of these offerings is an AI-powered robo advisor that eliminates the need for an army of financial advisors in the investment process. This feature utilizes advanced algorithms and machine learning methods to analyze trends, find opportunities, and even execute the trade for the trader.
Another feature is the seamless trading of real-world assets (RWA) like stocks, bonds, real estate, ETFs, and so on, directly from RCO Finance’s decentralized trading and investment platform. Users can invest over 12,500 asset classes without converting their crypto to fiat.
Considering the regulatory challenges that could arise from an attempt to implement this feature, a crypto-friendly president will ease the process of obtaining regulatory approval for RCO Finance.
Furthermore, it could also enhance RCOF’s performance in the crypto market after its launch. RCOF is selling for $0.0127 in Stage 1 of RCO Finance’s presale. Investors can already start raking in profits from buying the token now. They will gain up to 169% at Stage 2 and a remarkable 3000% when the presale ends.
Trump Says He Will Be A Crypto President As He Courts The Industry
Former US president and Republican candidate for the November 2024 presidential election, Donald Trump, has promised to support Bitcoin if he becomes president. Trump made this statement at a San Francisco fundraiser hosted by tech venture capitalists David Sacks and Chamath Palihapitiya at Sacks’ home.
The presidential candidate also criticized the witchhunt the industry has been experiencing under Democrat Biden’s administration. According to one of the attendees, Trump called himself a “crypto president.”
This event continues Trump’s attempts to woo the crypto industry to his side. His efforts appear to be paying off, as he raised $12 million from the fundraiser.
Bitcoin is trading at $69,721.66, 13.5% above its price a month ago. Analysts say a Trump win at the polls might boost Bitcoin’s prospects of reaching $150,000 in 2025.
Ethereum Can Set New ATH With Trump’s Support
Ethereum has long been the top altcoin by market capitalization. So, it is right to expect that Trump’s support for Bitcoin will have a spillover effect on ETH.
The crypto has gained 109% in the past year, spurred by Bitcoin’s rise and the approval of various Ethereum ETFs in the US and Asia. The planned Pectra upgrade could also prove to be a bullish development for the altcoin.
However, analysts contend that a crypto-friendly president in the White House could be the most critical driver of ETH’s surge. Trump has reportedly said he wants the United States to be the leader in the crypto industry.
Experts say a Trump win in the approaching election could help ETH rise to $6,674.90 by 2025, almost $2000 above its current ATH of $4,815.00.
RCO Finance Is The Best Place To Be If Trump Wins
For investors and traders, RCO Finance offers one of the most attractive propositions for the coming bull market. Participating in the presale can earn you an epic 3000% gain. There is also the appeal of using a platform that centralizes your entire investment portfolio in one place.
Buy RCOF today to be in the best position to benefit from the prevalent bullish sentiments in the crypto market.
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