Quote from: NeuroticFish on October 30, 2024, 07:34:27 PM

I think you are not right in this. American businesses "just started" seeing Bitcoin as a good investment (yes, let's allow them some inertia, plus they will actually buy ETF, but still...)

I don't say that the US market is completely saturated. There's of course still some margin to grow. But this margin is much higher in other nations.

For example, it would be much bigger news than any measure in the US, if: 1) China legalized Bitcoin exchanges on the mainland or even in more special economic zones than just HK 2) India lowered the crypto capital gains taxes.

Quote from: NeuroticFish on October 30, 2024, 07:34:27 PM

Quite a big part of the rest of the world is copying America, so if America starts signaling the wrong direction... there may be a problem. (PS. America is not POTUS).

Where? There are a lot of things for example European and Asian nations and also for example Canada do very, very differently from the US, and very successfully.

One could even argue that the US copied the concept of Bitcoin ETFs from other nations, actually some UK dependencies and Brazil were first

I think also that for example Europe would copy much less from a Trump-led America. Trump has extremely low approval rates in most of Europe, there they see him as a crazy and increasingly senile populist. Even in Latin America (contrary to popular belief a mostly right-wing, quite elitist region) most media protray him as a bad example and mock him frequently.

Quote from: o48o on October 30, 2024, 09:50:13 PM

Bitcoin frankly would deserve a huge dip, if only one keeping it up would be trump. That's like worst possible fundamentals for a coin.

Agree a bit, but I believe this rally is not only caused by the expectations of the US election. In reality Bitcoin, comparing with previous bull markets, is behaving "as expected" (after a slowdown phase like the one which lasted from March to September). And there were also some positive news from Microsoft and Hong Kong this week.

Quote from: justdimin on October 30, 2024, 09:56:49 PM

Well, to be fair Trump pump and Elon Musk pump, these are just stuff people use for personal gain. [...] These people are already hyped, they just look for a reason to get hyped and ready for it, so whenever anyone does anything, they share that joy with everyone because that's exactly what they were looking for.

You're probably correct. I would not be surprised if Trump wins and -- maybe after a short rally -- massive "sell the news" profit taking tanks Bitcoin again, at least below the previous ATH (69k).