Post
Topic
Board Bitcoin Discussion
Re: Biden out Bull run in???
by
avp2306
on 22/07/2024, 23:58:43 UTC
Biden sudden move to abandon the 2024 presidential race could be a "hug boost" for cryptocurrencies and other assets said the crypto analyst predicted.
Quote
Some analysts suggested that the president’s withdrawal from the election race could benefit Bitcoin
BTCUSD
 and other crypto assets in the coming months, while others cautioned that investors should temper their excitement for now.

The price of Bitcoin immediately dipped as much as 2.8% following the announcement, touching the $65,800 mark, but it quickly regained over 3.6% by the time of publication, according

https://www.tradingview.com/news/cointelegraph:03b845355094b:0-biden-out-bull-run-in-here-s-what-analysts-think/

Guys what your take on this??
Don't expect anything from current political events since that doesn't dictate anything. Maybe it can do something with regulation but I don't think those events could trigger a bull run. Demand is the main reason why we could experience that scenario and I don't think that happens when Biden step out since that event doesn't change anything.

Maybe if Trump successfully acquire the presidency then he announce that America will separate some funds to buy Bitcoin in support of this technology then provably that we could able to see the demand will go higher and that possibly could trigger a bullrun.

But with that scene I guess bitcoin will perform the same.