President Trump wants the U.S. to become the biggest player in cryptocurrencies like Bitcoin and Ether! He thinks this new digital money is the future.
But it's not as simple as it sounds. Crypto relies on people believing in it, and there are risks like scams and big price swings.
Even though crypto uses a special technology called blockchain to make transactions transparent, it's still easy for prices to go up and down wildly.
- Crypto is like digital money, but traded online.
- Blockchain is like a super secure notebook tracking all the money movements.
- Trump's plan could make crypto prices rise, but it's also risky.
Crypto | What happened |
---|---|
Bitcoin, Ether, others | Trump's announcement caused prices to jump. |
Memecoins (like $TRUMP) | Very risky; prices depend heavily on hype. |