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.
I think the attack on Donald Trump while he was giving a speech to run his own campaign as a presidential candidate is a very separate thing from cryptocurrencies even though Donald Trump himself really likes cryptocurrencies completely, especially Bitcoin.
I don't think so. Trump blatantly supports cryptocurrency. This is also fueling speculation that he will be a crypto-friendly president. Then, it makes people speculate. They see a link between him and crypto.
Most people are talking about this too. It makes sense to argue that Trump's good news will impact cryptocurrency.
And regarding the increase in the price of Bitcoin in the market which immediately penetrated the $65K mark, this is a very normal thing because even if Donald Trump does not suffer any attacks today, the price of Bitcoin will continue to increase and recover slowly in the market.
I think the price wouldn't rise a lot if Trump died, but glad he isn't. However, the market is not strongly tied to Trump's case. But I'm thinking about Trump's choice of JD Vance as his vice president. It is building hype among cryptocurrency holders. JD Vance was a bitcoin holder. This shows how Trump is really supporting crypto.
It brings more optimism to the crypto.