Bitcoin and new US president – level 1

Bitcoin and new US president

15-11-2024 07:00

Bitcoin is digital money. Its price goes up to a new record high of 81,000 dollars. It happens after people vote Donald Trump for a US president.

Many people now think that the US will support Bitcoin and other digital money. Trump wants the US to be a leader in cryptocurrency. He plans to keep Bitcoin in America’s savings. Trump’s new ideas help more pro-crypto leaders win in the election. The crypto industry gives a lot of money to help these people win.

Also, Trump’s son, Eric, will speak at a big event about Bitcoin next month. Many experts believe that this ‘Trump pump’ will keep cryptocurrency popular.

Difficult words: support (to help), cryptocurrency (digital money), savings (the money which you keep in a bank), pro-crypto (when someone likes the idea of digital money and helps it be successful).

You can watch the original video in the Level 3 section.

What are the expectations of many people regarding the US's stance on Bitcoin and other digital currencies following Donald Trump's election as president?

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