While President Trump was having breakfast with his party members, he made statements that attracted much attention. Everyone is curious about when the shutdown will end, and Trump made clear comments on this topic. Although his statements regarding cryptocurrencies were not supportive, the expectations created by his words were positive.
Cryptocurrency Latest Update
Donald Trump stated that the ongoing shutdown impacts the stock market, and consequently the cryptocurrency markets. The stock market’s performance is very important for Trump because he believes everyone views him as a good president as the market rises. To that extent, Trump might not be entirely wrong. His significant remark was “the stock market will reach more record highs.”
If the shutdown negatively affects the stock market, and Trump is saying the market will hit new records, then what we anticipate is a major rally once the shutdown ends. The same applies to cryptocurrency; the shutdown, which had a neutral effect a month ago, is now expected to yield positive results. The 45-day shutdown is already the longest in history, and people anticipate an end soon.
“The shutdown affects the stock market. The market has reached many record highs in the last nine months. Markets will reach more record highs.
I don’t believe Democrats will act quickly to end the shutdown or solve issues. If we end the filibuster, it will be impossible to defeat the Republican Party.”
Changing the Voting Threshold
Trump seems to aim to change the minimum vote threshold from 60 to 51 and use this shutdown as an opportunity for such a significant shift. Should he succeed, it may pose challenges for minority representation and democracy, yet it would be favorable for implementing Trump’s desired legislation. With the 51-vote threshold, Trump could pass all the laws he desires, approve the budget, and much more in areas including cryptocurrencies and other matters.