Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.
The past weeks has been occupied with a collapsing downtrends for bitcoin marching with the entire Mt Gox and Germany government sales of a part of their bitcoin hodling creating a market sentiment making the price of bitcoin to go as low as $53k after touching a new ATH in March. To be sincere, some of us never prepared for this as their laser was just focused on price doing more of uptrends to $100k.
On answering the question about Trump failed assassination attempt having anything to do with the price of bitcoin surging to $65k within few hours after that incident, I think it definitely relates, it's no coincidence. I mean Trump is a diehard cryptocurrency enthusiast and he has in time past being a positive influence to the cryptocurrency market which makes believe that his eventual emergence as the next US president could lead to more interest from institutional investors in bitcoin.