DeFi Gains Momentum: Is Trump’s Presidency Better for Ethereum Than Bitcoin?
Ethereum is pulling ahead of Bitcoin in the wake of Donald Trump’s 2024 presidential victory, with Ether (ETH) surging 4% in the past 24 hours and 14.1% over the last five days. In contrast, Bitcoin (BTC) has dipped 0.4% during the same period.
Market analysts attribute Ethereum’s recent performance to the Republican administration’s anticipated support for decentralized finance (DeFi). Trump has expressed interest in fostering blockchain-friendly policies, including legislative reforms to drive DeFi innovation in the U.S.
While Bitcoin remains a leading store of value and a potential alternative reserve asset for the U.S. Treasury, Ethereum’s strong performance highlights its growing role in the evolving digital economy, particularly under a DeFi-supportive policy framework.
While Bitcoin remains a leading store of value and a potential alternative reserve asset for the U.S. Treasury, Ethereum’s strong performance highlights its growing role in the evolving digital economy, particularly under a DeFi-supportive policy framework. 