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.
In full support of cryptocurrency? How sure are you that he really is supporting cryptocurrencies in general when he's posting negative tweets here and there a few years ago?
If he's in full support of crypto, he must've said positive things about it even though he isn't running for presidency, but he's only doing it now - now that there is an election that's happening. TBH, the so-called "assassination attempt" towards him must not have any price impact towards the price of Bitcoin, but since in the past few weeks, he showed support for it, investors might see it as a positive hence, they bought Bitcoin causing the price to increase.
There's no correlation between the two, but this shows how unpredictable and exciting the market is, and how unpredictable the investors are. Any event that happens can make the price of Bitcoin either rise or fall.