Today is an important day. Because the first ever Crypto Summit is going to be held today. Which is basically US President Donald Trump is ready to host the trip for the first time today This is going to be a big event for the crypto and web3 industry Because people of big organizations are supposed to participate in it. Mr. Trump is talking about Bitcoin and crypto on the day he confirmed he will run. As part of the election campaign, he made positive comments about cryptocurrencies and said that America would be declared the crypto capital of the world. Although now he is the elected president of the country and we are seeing a lot of crypto related things from him.
[source](https://pixabay.com/photos/bitcoin-finance-exchange-money-7013663/)
Although he is considered a crypto-friendly president, we have also seen in recent times how he has created a pump-and-dump environment in the market by launching meme coins. Although we take him as a positive but I think he has also established himself as a bit of a good player to destabilize the market. Moreover, a few days ago we saw the US President Donald Trump announced to consider Bitcoin and Ether as reserve assets. Ideally, his focus should be on Bitcoin as it is the largest asset in the market. Altcoins are important but above Bitcoin.
The crypto summit scheduled to take place today will become very important. Because it will be hosted by the US President and all invitations have been sent. In particular, today's Crypto Summit has invited many of the biggest leaders and those working in the crypto and web 3 industries. It is certainly exciting how this event is going to play out and what price it brings. The US is a big market for crypto so if positive things start happening there, it will surely cascade to other countries. So it has become more important today because if something positive happens here it will bring a good side to the market and the world and other countries will be interested in it.
But one thing here is that the agenda of this crypto summit has not yet been shared in the public domain, so it is not clear what topics will be discussed at the summit. We'll have to wait for it to be shared publicly when that happens. Once this is done, we will have clarity on what will be discussed at the summit and a possible outcome can also be expected. I consider this news to be a great update for the entire industry because if the US leads, many other countries will follow suit. At least after the positive environment towards the crypto industry in the US.
