Quote from: justdimin on November 26, 2024, 08:24:33 AM

Quote from: Trebor123 on November 25, 2024, 08:47:25 AM

Since the election the future for crypto has done a complete 180o! Trump and all those around him are themselves investors. Many of the senators been voted in are crypto friendly. Gary Gensler will be gone on Jan 20 a crypto friendly chair will replace him.Many commentators expect the outstanding cases to be dropped or settled thereafter.
Regulation is coming next year, which will bring more institutional and retail investors alike. Trump has said he's going to start a Bitcoin reserve fund. Extremely bullish now, hence the pump up.

I wouldn't say did 180? I mean we were already up weren't we? That doesn't mean we didn't go even further up, of course after the election the price went up even more, but not like we were in some bear run before the election. Remember, we went from a bottom of under 20k dollars, we bottomed out at 15-16k during bear run, and peaked above 70k+ dollars, nearly 75k dollars before the election, that's a 3x increase even more wherever you look from, could be considered as high as 5x increase.

We haven't even done 50% increase so far since then, we are doing good don't get me wrong and I am very happy that we are breaking all time highs constantly, that is an awesome thing, but lets not act as if we were going down and then we started to go up.

We shouldn't really consider it like that, we were dong fine and I agree with that, and this is of course helpful as well and we should be glad that it happened as well. The way he is promoting bitcoin, you would consider that he has a lot of money in bitcoin, I do not have any clue how much Trump personally owns, maybe a lot or maybe not a lot, but I am sure that it's good enough at the moment and we need to consider that he could have some personal benefit from this because he is promoting it that much. If he keeps this up and keeps promoting it, while holding the most powerful position in the world, I am sure that he is going to end up with a much better profit, because he will make it go super high and that will be great.