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Analyst: Musk may bring strong tailwinds to altcoins, and it is only a matter of time before X platform has a digital asset wallet
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2024-12-05 21:03 7,293
Golden Finance reported that BlockFills digital asset OTC trader John Divine said, “It is only a matter of time before the X platform has digital asset wallet functions,” which is in line with Musk’s development trajectory from PayPal to Tesla and SpaceX. Regarding Trump's proposal to eliminate capital gains taxes on altcoins in the United States, Divine said, "In the short term, this will bring a lot of volume to these markets." He pointed to tokens such as Algorand, Hedera, and Cardano as possible beneficiaries. He called the move a “huge catalyst” for the altcoin market. As Bitcoin stabilizes, Divine expects capital to flow into altcoins. He concluded: “The picture is clear – Musk is all-in on building digital asset infrastructure. Combined with Trump’s policy moves, altcoins will have strong tailwinds.”
Keywords: Bitcoin
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