Quote from: Poker Player on December 09, 2024, 09:34:56 AM

Quote from: Swordsoffreedom on December 09, 2024, 09:26:45 AM

If Trump's victory wasn't the reason bitcoin's price surged to $100k, then what was the catalyst for it? Why didn't Bitcoin price increase before he was elected or a few weeks after the election ended? If I remember correctly, bitcoin price started rising on election day and started accelerating further after the news of his victory. So there is no denying that his victory was a catalyst.

If you don't believe Trump's victory is the catalyst for bitcoin's price increase, why should you expect his promise to? While we don't know if he can deliver on that promise, the market will move that way. The market moves on the news, the market has bet on his victory, so when he wins, the market will react positively and vice versa.

Those who deny it are simply blinded by their ideology or by their personal mania for it is clear that having a president who went to the bitcoin conference, said to create a strategic reserve, said “never sell your bitcoin”, is surrounded by bitcoiners in his team and is going to appoint bitcoiners in relevant positions of command is a game changer that years ago we could not have even dreamed of. The response of the markets is logical to this political change.

Yeah, it's really hard to argue about it, I mean we have seen that when he officially won, we have the biggest single day increased. So that alone shows that Trump victory is the catalyst and I have been saying that before the election itself.

We could understand, as others might not like Trump at all, but if you are a Bitcoiner, you can't deny it and that is a fact. You might be blinded by your beliefs on him. Nevertheless the people and the market itself have spoken.