Trump's Crypto Comments Bring 'Political Risk' to the Market, Says Mizuho Strategist

IconCryptoNewsTerminal Staff29 Jul, 2024

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Trump's Crypto Comments Bring 'Political Risk' to the Market, Says Mizuho Strategist

Mizuho Financial Group chief strategist Dan Dolev shared his perspective on CNBC, stating that he believes former U.S. President Donald Trump's positive remarks about cryptocurrencies "actually hurt crypto and Bitcoin." According to Dolev, "Any type of political overhang, like making it a strategic asset for Bitcoin, can actually create more uncertainty and risk in the crypto market because it brings in political risk." He emphasized that "These things are better off being left out of the political discussion to help foster stability and growth." Dolev's comments come amid Trump's recent statements expressing support for cryptocurrencies. However, Dolev argues that such political involvement could introduce uncertainty and risk into the crypto market, ultimately harming its growth.

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