Former President Donald Trump voiced his support for Bitcoin at the 2024 conference in Nashville, Tennessee. He labeled the cryptocurrency as the future of currency, causing a surge in Bitcoin's value. This comes after Trump's recent praise for blockchain technology and his own involvement in the industry.
Nashville, TN - Former President Donald Trump has sent shockwaves through the cryptocurrency world by endorsing Bitcoin at the 2024 conference in Nashville, Tennessee. Trump hailed Bitcoin as the "future of currency," sparking a surge in its value. This latest endorsement follows Trump's recent expressions of support for blockchain technology and his own involvement in the cryptocurrency industry.
Trump's endorsement of Bitcoin is a significant development given his previous skepticism towards cryptocurrencies. In the past, he has referred to Bitcoin as a "scam" and expressed concerns about its volatility. However, his recent statements suggest a change in his stance. In the lead-up to the 2024 conference, Trump had hinted at his support for blockchain technology. He said that he believed blockchain could be a "great way to improve the efficiency and transparency of government." He also revealed that he was working on developing his own cryptocurrency, called the "Trump Coin."
Trump's full-throated endorsement of Bitcoin came at the 2024 Nashville Conference. In a speech to the attendees, Trump praised Bitcoin as "the future of currency" and said that it was "going to be a great way to store and transfer value." He also said that he believed Bitcoin would eventually replace traditional currencies.
Trump's endorsement had an immediate impact on Bitcoin's value. The price of Bitcoin jumped by over 10% in the hours following his speech. This surge in value suggests that Trump's endorsement could have a significant impact on the future of Bitcoin.
Trump has not publicly stated his reasons for endorsing Bitcoin. However, it is possible that he believes that Bitcoin is a viable alternative to traditional currencies. He may also believe that Bitcoin can help to improve the efficiency and transparency of the financial system.
Trump's endorsement is likely to have a positive impact on Bitcoin in the short term. His endorsement could lead to a surge in interest in Bitcoin and attract new investors to the cryptocurrency. In the long term, the impact of Trump's endorsement will depend on the extent to which he follows through on his promises to support Bitcoin.
Whether or not Trump's endorsement is a good thing for Bitcoin is a matter of opinion. Some people believe that his endorsement will help to legitimize Bitcoin and make it more appealing to mainstream investors. Others believe that Trump's endorsement could lead to increased volatility in Bitcoin's price and make it more difficult for Bitcoin to be taken seriously as a legitimate currency.
There are several risks associated with investing in Bitcoin. One of the biggest risks is that Bitcoin is a volatile asset. The price of Bitcoin can fluctuate significantly in a short period of time. This volatility could lead to significant losses for investors.
Another risk of investing in Bitcoin is that it is not regulated by any government or financial authority. This means that there is no protection for investors if something goes wrong.
Whether or not Bitcoin is a good investment depends on your individual financial goals and risk tolerance. If you are willing to take on the risks associated with investing in Bitcoin, it could be a potentially profitable investment. However, it is important to remember that Bitcoin is a volatile asset and you could lose money if you invest.
On Saturday, Infosys co-founder NR Narayana Murthy and former UK PM Rishi Sunak attended the Jaipur Literature Festival in Rajasthan along with Murthy's wife, philanthropist and author Sudha Murty, and her sister. The former PM was encouraged to greet the audience by his aunt-in-law, while the host acknowledged their past support for the festival and welcomed them back. The video of their appearance has garnered attention and reactions on social media. This comes as Finance Minister Nirmala Sitharaman presented the second Budget for the BJP government, addressing the struggling Indian economy with a focus on various sectors.
In her highly anticipated budget speech, Finance Minister Nirmala Sitharaman announced a series of measures aimed at uplifting gig workers and promoting economic growth. These measures include providing gig workers with ID cards and access to healthcare, as well as creating a Rs 10,000 crore fund for startups. The budget also includes a focus on promoting high-yielding crops, increasing credit for farmers, and boosting manufacturing and exports. However, the projected GDP growth falls short of the ambitious goal of making India a developed nation by 2047.
President Donald Trump enacts stiff tariffs on imports from Mexico, Canada, and China, sparking a trade war with America's North American neighbors. Outgoing Canadian Prime Minister Justin Trudeau retaliates with a 25% tariff on USD 155 billion worth of American imports, while Mexican President Claudia Sheinbaum vows to respond with tariffs of her own. The move has potential consequences for the global economy and may hinder Trump's efforts to lower consumer prices, despite his claims of protecting Americans and curbing illegal activity.
During her Union Budget 2025 speech, Finance Minister Nirmala Sitharaman announced that no income tax will be payable on income up to Rs 12 lakh, providing significant relief to taxpayers, especially the middle class. However, this exemption only applies if a taxpayer takes relief under various sections of the income tax act. No major announcements were made for the railway sector, as the budget focuses more on increasing allocations for railways over highways.
With the announcement of the new tax regime, Finance Minister Nirmala Sitharaman has announced significant changes to the slabs and rates to benefit all taxpayers. Under the new system, taxpayers with normal income up to Rs 12 Lakhs will not have to pay any taxes, and those with income up to Rs 4 Lakhs will be exempted. The time limit for filing returns has also been extended to 4 years.
The Bharatiya Janata Party (BJP) has launched an aggressive campaign targeting the Aam Aadmi Party (AAP) ahead of the February 5 elections in Delhi. The BJP is projecting itself as the only solution to the capital's issues, accusing the AAP government of mismanagement and neglect in several key areas. The BJP is promoting a "double-engine government" with a BJP-led administration in both Delhi and the Centre, claiming it will ensure faster and more effective development. The AAP, BJP, and Congress are all vying for victory in the upcoming elections.
Indian Prime Minister, Shri Narendra Modi, inaugurated the 2550th Bhagwan Mahaveer Nirvan Mahotsav in New Delhi and paid tribute to the Jain saint by releasing a commemorative stamp and coin. He praised the youth for their commitment towards the values of Bhagwan Mahaveer and stated that India will continue to celebrate these values for thousands of years. Modi also acknowledged the importance of spiritual teachings in a world plagued by numerous wars. He expressed his belief that India's identity lies in its pride and that modernity is its body and spirituality its soul.
Parliamentarians from various parties have hailed the Union Budget 2025 for its inclusive development approach and focus on key areas such as infrastructure and economic growth. Special attention has been given to the state of Bihar, with MPs expressing gratitude to Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for their commitment to a 'Viksit Bharat'. While critics have linked these provisions to the upcoming Bihar elections, former Union Minister Ravi Shankar Prasad defended the budget, stating that the state deserves these developments regardless.
Zakia Jafri, the wife of former Congress MP Ehsan Jafri who was killed in the Gujarat riots, passed away at the age of 86. She was a determined activist who fought for justice for the victims of the post-Godhra riots and filed a legal battle in the Supreme Court to hold top political leaders accountable for their role in the violence. Her passing is a loss for the human rights community and her legacy will be remembered by family, friends, and the nation.
Zakia Jafri, a survivor of the Gulberg Society massacre during the 2002 Gujarat riots, has died at the age of 86 due to age-related issues. She has been a prominent figure in the fight for justice for the victims of the riots and had filed a plea in the Supreme Court against the clean chit given to then Gujarat CM Narendra Modi. The FM has announced income tax rebates and lower tax rates for various income categories.