Any OG bitcoiner here who didn't see the Bitcoin Conference 2024 Trump pump-and-dump coming from a mile a way should have your head examined by now.

Any short-lived hype or FOMO "news" is exactly that... short-lived.

Only three mechanisms rule Bitcoin's true price discovery/stabilization anymore:

1. Mining hashrate

2. 200-day moving average

3. Having effects (usually front-ran)

(4. And the float, definitely a factor, but ill-measurable)

All others are short term PnD bullshit.