Trump promises to incentivize investors to invest big — Details
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The U.S. President-elect Donald Trump has promised to provide all necessary permits to those who invest in the country's economy from $1 billion. In this way, he encourages billions of dollars of investment in the economy with fast government approvals.
He announced this on the Truth Social page on Twitter.
What Donald Trump promised in his address
He promised to expedite the necessary permits for anyone investing $1 billion or more in the country's economy.
"Any person or company investing $1 billion or more in the United States will receive expedited approvals and permits, but in no way limited to all environmental approvals," the statement said.
How Donald Trump has affected Bitcoin's growth
On December 4, Trump appointed Paul Atkins, a cryptocurrency advocate, as chairman of the Securities and Exchange Commission. The next day, December 5, bitcoin surpassed $100,000.
In general, the appointment of several crypto-enthusiasts to leadership positions, such as Elon Musk as co-chairman of the Treasury Department and Howard Lutnick as Secretary of Commerce, has contributed to the growth of the cryptocurrency.
With the launch of the first bitcoin-invested funds in January, Atkins' appointment has fueled the rally.
Executives and traders are predicting a "golden era" for the industry under the Trump administration. Their opinion is that new favorable regulatory standards will lead to an influx of money into the sector.
As a reminder, experts predict a rapid growth of bitcoin if Donald Trump' s administration makes some innovative decisions. In this case, the value of the cryptocurrency could reach $500,000.
We also wrote that the rapid growth of the bitcoin exchange rate is related to the US elections, where Donald Trump won. Economic experts emphasize that in the future, cryptocurrencies may disrupt the work of banks.
