Post
Topic
Board Bitcoin Discussion
Re: Victory for trump is a win for bitcoin
by
Mame89
on 09/11/2024, 13:06:16 UTC
With Trump's election victory, will Bitcoin ride the wave of success to reach $75,000? The current price is $73,300.

Just recently within today, we already hit $74, 300+ as much as I can recall and $75,000 can't be a fly to the moon for bitcoin price because by the bull, we're expecting about $100,000. And with or without Trumps victory, we shall reach a greater All Time High in the bitcoin market.
I agree with you. It must be admitted first that bitcoin cannot be controlled by anyone, bitcoin will stand alone because bitcoin was created for freedom. However, lately bitcoin has always been associated with the US election because Trump does support the existence of bitcoin and he did this because he wanted to seek support from the crypto community, that's all. The current surge in bitcoin prices does have a slight factor in Trump's victory but that does not mean that this bitcoin surge can occur because of Trump, with or without Trump bitcoin will still reach its highest price. Isn't this what happens every time there is a bitcoin cycle, the American election only exploits the bitcoin community.

However, if Trump wins, the US finally adopts Bitcoin as a strategic reserve, that's big news and has an impact on bitcoin. Because of course other major countries are likely to follow suit, creating rapid bitcoin growth and this move can position the US as a leader in digital finance, while ensuring that global financial influence remains balanced among countries that hold Bitcoin.

However, what is happening now is that Donald Trump's victory in supporting bitcoin as a whole has not been proven, we will see later after he is inaugurated whether he really supports bitcoin and adopts it.