Today, I had to go out unexpectedly and missed Trump's speech. The reason for the market's sluggishness is not due to any negative remarks made by Trump, but rather the lack of announcement regarding the cancellation of capital gains tax on cryptocurrency trading, which was anticipated. There had been rumors that this would be announced at today's summit, and if it had indeed been canceled, it would have been a significant positive for American investors.

In reality, this did not happen. Instead, the focus was on stablecoins in the U.S., highlighting that stablecoins have become a pressing issue in the American cryptocurrency sector. Only by establishing a hard peg for stablecoins can the dominance of the dollar be extended into the blockchain realm.

Overall, while Trump did not explicitly provide support for Bitcoin prices, he has indeed paved a very correct path. The hard peg of stablecoins to the dollar is the foundation of everything, and Trump has once again reaffirmed his determination to make the U.S. an undisputed superpower in Bitcoin and a global cryptocurrency hub.

In the long run, this is a good thing for the market.

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