Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: NotATether on July 14, 2024, 10:55:08 AM
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From Reddit:
https://old.reddit.com/r/CryptoCurrency/comments/1e2v0d1/bitcoin_reaches_60000_after_shots_being_fired_at/
WTF!!
This happened just hours after the shooting.
Some people are really trading in degen mode today.
From the comments section, nobody can understand how these two events are connected to each other. Since Trump is allegedly the pro-crypto candidate.
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Yeah, so the price reaches $60,000 because of this incident, but then again, how can this be related? And perhaps this is not a good sign though, I mean there could be some manipulation again by big entities to suckered newbies and noobs to think that this could be the start of the bullish pattern. And then they are going to make sell when the price hits $65,000?
So let's see, as long though we are here for the bigger picture, we might not be affected or at least the selling point for us is 2025 when we see the price hitting 6 digits.
Almost all of the top coins though seems to enjoy a good spike in the last 8 hour time frame.
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It was fun reading the comment section on reddit ('The BULLet Run' was my favorite) ;D. Anyway, I agree with the one that said whales are just playing with the assassination attempt. After all, anything major (politics/economics) that happens in US affects almost everything around the world including crypto.
I noticed altcoins with Trump's name also pumped in the last 24H. They makin money as well ;D
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From the comments section, nobody can understand how these two events are connected to each other. Since Trump is allegedly the pro-crypto candidate.
You have already answered it and it is now clear that the path for Trump becoming the next president is clear of all hurdles. Unless the deep state which has been trying to get this guy out of the race comes up with another idea. Tucker Carlson had predicted that an assassination attempt on Trump was on the card. The market is reacting to his heroism because, after being shot, he stood up and raised his hand. This act will go down in history and he will be remembered for many years to come. It was truly very encouraging.
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From the comments section, nobody can understand how these two events are connected to each other. Since Trump is allegedly the pro-crypto candidate.
You have already answered it and it is now clear that the path for Trump becoming the next president is clear of all hurdles. Unless the deep state which has been trying to get this guy out of the race comes up with another idea. Tucker Carlson had predicted that an assassination attempt on Trump was on the card. The market is reacting to his heroism because, after being shot, he stood up and raised his hand. This act will go down in history and he will be remembered for many years to come. It was truly very encouraging.
(https://i.imgur.com/eann6TL.jpeg)
suddenly Trump raising his fist and a flag behind it looks cool to be in the front page calling for revolution. i think this is where it all will began and it was predicted also by JPMorgan that p[rice will go up sooner. the didn't wait for next month. maybe its really a revolution since BTC been the face of financial revolution since time and then Trump as they branded him for the Jan6 attempt.
not a normal scene in US election because the two political party divided the US citizen, its going to be a crazy election. and BTC being part of Trumps campaign makes the market better.
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This is why investing in cryptocurrency is very exciting. You don't know what can happen with the price of Bitcoin. :D What's next though? If there will be another "assassination attempt", the price will jump again maybe from $60,000 to $65,000?
TBH, I can't see the connection. Maybe him showing that he will still fight for presidency despite the attempt has been a positive sign for those crypto investors in the US since we've seen Trump saying positive things about Bitcoin that cause the price to rise up? Excluding the crypto part, I'm afraid that incidents like this might happen again as he visits other states.
I don't want to jump to conclusions, but the state is where their current president with dementia lived. Hmmm. :) ::)
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You have already answered it and it is now clear that the path for Trump becoming the next president is clear of all hurdles. Unless the deep state which has been trying to get this guy out of the race comes up with another idea. Tucker Carlson had predicted that an assassination attempt on Trump was on the card. The market is reacting to his heroism because, after being shot, he stood up and raised his hand. This act will go down in history and he will be remembered for many years to come. It was truly very encouraging.
Unless something dramatic will emerge from the Democratic side, Republican's DONALD J. TRUMP is now posed to get back to the White House come January 20, 2024. All the polls are indicating he is leading in the nationwide or popular vote and he is solidifying his power and strength in the swing states where the election will be decided...and the shocking part he is even encroaching into some blue states making them at play. With the PARKINSON JOE's candidacy on the ICU because many of his party mates do not anymore believe he can win the election, the assignation attempt will even further the lead for Trump and can be the biggest reason why he will receive surge in donation. After all the lawfare launched against the man and all the shenanigans he endured, many are looking at Trump as the man of the hour. And the cryptocurrency community is now supporting Trump after the Biden administration is NOT treating well the industry for years. Some are even coining the term TRUMP EFFECT and the explains why there seems to be a big boost for Bitcoin (now standing at $62K) and some Trump-based memecoins.
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From the comments section, nobody can understand how these two events are connected to each other. Since Trump is allegedly the pro-crypto candidate.
But don't forget that phrase "Correlation does not imply causation" exist. There has to be other reason Bitcoin price reaches $60K. Besides, some news report the suspect behind the shooting is also fellow republican.
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The only time I remember Bitcoin being linked to a political or economic event was COVID19 pandemic, and after that there was interaction with the events, but we cannot be certain that these events had an impact on the price.
You will find analyzes that link Bitcoin prices to stocks, Federal Reserve meetings, etc., but their impact is greater than the impact of political variables.
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From the comments section, nobody can understand how these two events are connected to each other. Since Trump is allegedly the pro-crypto candidate.
They are not completely unrelated or independent as Bitcoin was already on a green pattern but the reasoning is simple, Trump is seen as pro-crypto and this assassination attempt basically cemented his claim, unless something else happens at this point he will win the election, so, the market is pricing in November by now.
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Looking at this attempt of assassination, I don't really comprehend the connectivity with the price of BTC growing higher from the price it was trending... But however, this has led to a green candle in the price of altcoins and also raising the market cap.
In conclusion we can vividly see that there is a link somehow between the crypto market and the US.
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did you see some crypto channels connecting this to Blackrock ad where Matt Crooks (the shooter) is part of the Blackrock ad? This is the video about it (https://youtu.be/EfGP1_p0CL0?t=199). somehow they are saying Blackrock has something to do with this assassination. ;D maybe Blackrock doesn't want people buying BTC?
they were saying by the way that this kid is being bullied every now and then in their school who graduated 2 years ago in high school. he didn't end up like those guys who randomly shoots everyone in the school but he targets US president Trump.
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It was fun reading the comment section on reddit ('The BULLet Run' was my favorite) ;D. Anyway, I agree with the one that said whales are just playing with the assassination attempt. After all, anything major (politics/economics) that happens in US affects almost everything around the world including crypto.
I noticed altcoins with Trump's name also pumped in the last 24H. They makin money as well ;D
I saw more of his reels on social media with 50 cent song trending everywhere ;D and there is a particular show 50 cent did today and used his head on his body with throwback of his song when he was shot in the year 2000. I think this our generation is unserious one, the past residential assassination remain in the history forever but people were taken this as a joke. Lmao
I also noticed a lot of alts pump and not just alts but memes like Fight, Trump and many more were launch in today. These are just some opportunist sitting on the bench with some few cash for liquidity to lunch some useless coins and exit quickly but people invest in whatever they want and that's why I like crypto because when you lost later, you dare not complain.
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We could potentially see this as markets reacting to Trump almost guaranteed the win. I mean we don't know whats going to happen for the rest of the days until the election, anything could happen obviously but at this moment its %100 Trump if it was this Sunday, we need to possibly see something else that makes Trump a bad guy and Biden a good guy again, just like how it was last election that got Biden to win. I think its quite fair to say that we are going to see a ruthless 4 years of Trump trying to get as much power grab as he can, like he did last time with the courts, and not going to be nice for Americans for a looooong time. However, will be quite nice for crypto, he likes it, so we should be fine there.
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We could potentially see this as markets reacting to Trump almost guaranteed the win.
This is what that I am also thinking. I hope Trump will not disappoint. I read recently that the person that would be his vice is a crypto friendly person. Let us see how it would be. I think Trump might win the next United States presidential election that is coming in the next 3 month or so.
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Trump has not disappointed before, though he did not support Crypto at his first tenure; but on his second term election bid, he has openly welcome crypto and I think he will not disappoint the crypto community.
In my opinion, Btc is gonna go more higher as the election approaches, we may experience more fund inflow into BTC, (especially ETF) on the coming months leading to the November elections, and even after the election.
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From the comments section, nobody can understand how these two events are connected to each other. Since Trump is allegedly the pro-crypto candidate.
It is not related in any way. I believe the movement happened because of another news article that said the German State of Saxony ended selling its Bitcoin, and it is holding less than 0.005 BTC at this moment. So, the traders' fear was gone, and they gained some confidence after hearing this news. I also do not understand how Trump's shooting can be related to Bitcoin's upward price. But as another news related to MT. Gox just out an hour ago, I believe the market will make another down trend move in the next couple of hours.
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suddenly Trump raising his fist and a flag behind it looks cool to be in the front page calling for revolution. i think this is where it all will began and it was predicted also by JPMorgan that p[rice will go up sooner. the didn't wait for next month. maybe its really a revolution since BTC been the face of financial revolution since time and then Trump as they branded him for the Jan6 attempt.
not a normal scene in US election because the two political party divided the US citizen, its going to be a crazy election. and BTC being part of Trumps campaign makes the market better.
If you remember, a couple of months ago when he was "arrested" in Georgia and released on bail, his mugshot also became viral and not only that, it was the call-sign of MAGA people until he was shot two days ago.
Now Bitcoin is at $62K. So I think the bear dip is well and truly over, although I had expected it to take much longer.
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I don't see how Donald Trump's assassination attempt and BTC reaching $60,000 are related, but obviously over the past weeks, Trump has tried to sell himself as the pro-crypto candidate in this presidential race and to my surprise a lot of bitcoiners have bought into it. So why won't they come up with something like this, it is shocking, but not unexpected.
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did you see some crypto channels connecting this to Blackrock ad where Matt Crooks (the shooter) is part of the Blackrock ad? This is the video about it (https://youtu.be/EfGP1_p0CL0?t=199). somehow they are saying Blackrock has something to do with this assassination. ;D
Yeah, I saw that video yesterday but it's a wild speculation that Blackrock has something to do with the shooting. They probably do not know who the person was (or if he was part of their ad) until recently when it was brought to their attention.
maybe Blackrock doesn't want people buying BTC?
Or it could be the other way around. You know in history when they sacrifice an influential figure to spark a revolution or something ;D
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Are we sure its this, or the german government stopping, or something else? In any case, we are above 64k, and that seems like the most normal thing ever. I feel like the best thing to do in this case would be just letting whatever the reason is, and focus on the fact that we are high now, and we need to pump it as quickly as possible, meaning we should all buy as much as possible when we can, so that we can make sure that it all works very well. This is the thing about all of it, we need to just make it quick, because when we do, there is a hype and that is what we should be looking for.
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I feel like the best thing to do in this case would be just letting whatever the reason is, and focus on the fact that we are high now, and we need to pump it as quickly as possible, meaning we should all buy as much as possible when we can, so that we can make sure that it all works very well.
BTC price was surely going to rise, and the dump was only temporary. However, there is good enough demand for BTC and people will continue to buy. Any temporary dump is a good opportunity to buy and take advantage of the dump, i don't think it should be a time to start selling your coins out of fud, except you have a good reason to sell.
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I feel like the best thing to do in this case would be just letting whatever the reason is, and focus on the fact that we are high now, and we need to pump it as quickly as possible, meaning we should all buy as much as possible when we can, so that we can make sure that it all works very well.
BTC price was surely going to rise, and the dump was only temporary. However, there is good enough demand for BTC and people will continue to buy. Any temporary dump is a good opportunity to buy and take advantage of the dump, i don't think it should be a time to start selling your coins out of fud, except you have a good reason to sell.
There's no doubt that the demand will be there, specially right after the halving as it is the catalyst for a bull run. But somehow, there could really be positive news that will put people to buy even more, the FOMO so that the price will go up and continue to rise till next year. And if we look at the circumstances, it is Trump who are pushing the price right now to $68,000, specially after getting a VP to run with him that is pro Bitcoin or at least reports say that he is a Bitcoin enthusiast, or own some Bitcoin.
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And if we look at the circumstances, it is Trump who are pushing the price right now to $68,000, specially after getting a VP to run with him that is pro Bitcoin or at least reports say that he is a Bitcoin enthusiast, or own some Bitcoin.
You believe it is Donald Trump and his Vice presidential candidate that has caused BTC to pump recently, how ridiculous to come to this sort of conclusion. I know Trump has won over a lot of bitcoiners over, who now hope on him to do 'great things' for the network when he becomes president, which i obviously do not believe, however, right now he isn't president, and i don't see what he has done for you to think he has influenced the pump.
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in the end, according to what I read in the media and what some of my friends told me (we often talk about these topics)
our old man Joe Biden decided to take a step back and retire, he was no longer able to handle it
Did he realize it or was it the sock puppet behind it that made him move in this direction? we will never know
the Dems certainly burned themselves out this election
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the Dems certainly burned themselves out this election
They are surely going to lose now, i suspected that Biden will step down after his disastrous debate performance and when he also introduced the Ukrainian president, Zelensky, as 'president Putin'. I am pretty sure that was the last straw and he was now under pressure to step down because of his age and deteriorating ability to lead the nation. Trump is going to have a clean sweep.
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And if we look at the circumstances, it is Trump who are pushing the price right now to $68,000, specially after getting a VP to run with him that is pro Bitcoin or at least reports say that he is a Bitcoin enthusiast, or own some Bitcoin.
You believe it is Donald Trump and his Vice presidential candidate that has caused BTC to pump recently, how ridiculous to come to this sort of conclusion. I know Trump has won over a lot of bitcoiners over, who now hope on him to do 'great things' for the network when he becomes president, which i obviously do not believe, however, right now he isn't president, and i don't see what he has done for you to think he has influenced the pump.
You just have to go back to Elon Musk, in the last bull run, of course we don't have the numbers or data, but if you look at when he promoted Bitcoin that time, it really cause a massive spike to $50,000. But then after he made a U-turn and then promoted Doge the price goes down hard. One thing is for sure that crypto enthusiast will have to look for certain news to pour money and that's what we call FOMO. It could have not been Trump, but what other reasons except for the supply and demand, could have push the price to $68,000? There is this sort of positive news, like when everyone see the government of Germany selling their 50,000 Bitcoin and dump it all in the market. This could could have a impact to the price that's why it goes to $54,000. And after the dump is gone and couple of the news about Trump, pushes it above $60,000.
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the Dems certainly burned themselves out this election
They are surely going to lose now, i suspected that Biden will step down after his disastrous debate performance and when he also introduced the Ukrainian president, Zelensky, as 'president Putin'. I am pretty sure that was the last straw and he was now under pressure to step down because of his age and deteriorating ability to lead the nation. Trump is going to have a clean sweep.
they practically sabotaged themselves, unfortunately I don't like the Dems given their propensity for war, they should be against war instead in words they are pacifists and Nobel Peace Prize winners, with deeds missiles like a rain of sweets
War is just a waste of resources and lives, not in importance order
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You just have to go back to Elon Musk, in the last bull run, of course we don't have the numbers or data, but if you look at when he promoted Bitcoin that time, it really cause a massive spike to $50,000. But then after he made a U-turn and then promoted Doge the price goes down hard.
We don't need weak hands in the network who allow mere tweets from Elom Musk to make them to either buy or sell, it is good he can longer influence the price of BTC like in the past. I know it is events that either cause a rise or a dump in the price of BTC, but that does not mean we should connect it to unrelated events, and Trumps attempted assassination is unrelated my friend.
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Some say that it is because Trump was shot at, some say that it is because Biden withdrew. Can we stop thinking that any of this had anything to do with it? I mean its obvious that we are talking about just bitcoin being very low for a while, and it didn't stay like that so we ended up getting a better result in the end. I am not saying that they were all irrelevant, but the greed/fear index showed how much fear there was, meaning that everyone who had weak hands already sold, and whats left was diamond hands and people kept on buying and making it higher. Stop putting American politics into the price.
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Some say that it is because Trump was shot at, some say that it is because Biden withdrew. Can we stop thinking that any of this had anything to do with it? I mean its obvious that we are talking about just bitcoin being very low for a while, and it didn't stay like that so we ended up getting a better result in the end. I am not saying that they were all irrelevant, but the greed/fear index showed how much fear there was, meaning that everyone who had weak hands already sold, and whats left was diamond hands and people kept on buying and making it higher. Stop putting American politics into the price.
unfortunately it has a little to do with it, because the market is made up of people and people are scared by the first bully with nuclear missiles
so you're right what you say, but this can only happen in an ideal world that doesn't exist
In the real world, unfortunately people are influenced
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You believe it is Donald Trump and his Vice presidential candidate that has caused BTC to pump recently, how ridiculous to come to this sort of conclusion. I know Trump has won over a lot of bitcoiners over, who now hope on him to do 'great things' for the network when he becomes president, which i obviously do not believe, however, right now he isn't president, and i don't see what he has done for you to think he has influenced the pump.
Trump hasn't done anything of value for Bitcoin.
No, please, try to tell me one good thing he has done for bitcoin users (us). Not for miners, exchanges, big companies etc, people like us.
It is very simple to make American bitcoiners feel like that he's helping them - these draconian restrictions that prevent many crypto exchanges and services from operating in the US have to go. That would really be felt.
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Very true, Trump has nothing to do with cryptocurrencies or bitcoin. He is totally alien to our way of thinking and if he could he would "eliminate" us in favor of what he wants to do.
However, people are moved by feelings, they are moved by what these guys here say. We cannot deny that.
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For some years that I have spent in this industry, if I don't understand anything, at least I have tried to understand that every movement bitcoin makes, be it positive or negative must be attributed to some kind of fundamentals. In this industry, we believe that market does not just move upwards or downwards without actions. So, since we believe that the movement of Bitcoin is a reaction to something in the society, every movement that bitcoin makes, we will try to attribute it to something concurrently happening in that time. If there is no current event happening, we will have to manufacture one and name it as the cause of the Bitcoin movement.
If not what I have said above, I don't see any correlation between an assassination attempt and pump of BTC price.
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Understanding the market charts will let you know that the market is still fluctuating, with ups and downs, and that the events of Trump correlated with a period where the price of Bitcoin was heading up. It could have also gone the other way, with the value of bitcoin dropping with the news of him being shot at.
Even if Trump wasn't shot at, bitcoin value would have risen still.
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From the comments section, nobody can understand how these two events are connected to each other. Since Trump is allegedly the pro-crypto candidate.
I thought its just a coincidence because the selling from Germany came to an end the day before he got shot and maybe the market was going to recover already it was just he got shot and the media needed something to show to people and this political leader if have the choice can use anything happen good for people in their own favor. Crypto going up he get shot, and paid media outlets to spread the word that due to this event market is going up.
Am I saying wrong? We all know they to some extent control and have people in the media to spread whatever they want. I am not accusing him but only saying what if he has done that then who will know?
Trump hasn't done anything of value for Bitcoin.
I can't agree more with you. He is pretending to be what he is not, I remember his words last time when he said he would not accept BTC because its a fraudulent currency or he will make sure that no one else will use it. He said something like this. You can find these words online if you want to. The point is, he is not thinking about BTC as he thought before. Why? What has changed?
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And when Trump did his speech on a Bitcoin conference, the price of BTC moved to $70k. But shortly, it fell and now we're on $63k. It's fun until the market started to move backwards again and this correction is normal though. Because the recovery period of Bitcoin is there and it is moving typically as it is because the price moved and went up again. The possibility of seeing it drop below $60k is there so, don't let your hopes too high folks.
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Trump has taken a stance against cryptocurrencies in his past rhetoric. However, he has been making statements in support of cryptocurrencies these days. He seemed to be one step ahead of the Democrats in these elections. The assassination attempt took him a few steps forward. When all these developments came together, the cryptocurrency world got hopeful and we saw a positive movement in cryptocurrencies. I categorize Trump as a populist politician. Today he may make positive comments about cryptocurrencies, tomorrow he may make negative comments, just like in the past. I respect him but I never trust him and people like him too much...
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Trump hasn't done anything of value for Bitcoin.
I know that, right. However, some people believe that if he is elected, he will make policies that will favor BTC and appoint officials that won't attack the network, personally i don't believe that, but we would see. I still maintain my stand that BTC and its network should be apolitical, if not politicians will take advantage of it to deceive people.
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Trump has taken a stance against cryptocurrencies in his past rhetoric. However, he has been making statements in support of cryptocurrencies these days. He seemed to be one step ahead of the Democrats in these elections. The assassination attempt took him a few steps forward. When all these developments came together, the cryptocurrency world got hopeful and we saw a positive movement in cryptocurrencies. I categorize Trump as a populist politician. Today he may make positive comments about cryptocurrencies, tomorrow he may make negative comments, just like in the past. I respect him but I never trust him and people like him too much...
He is so desperate to get back into the presidency that he will look for every possible way to win the support of the majority of voters.
He pictured himself as the great hope of Bitcoin for adoption in the US, and by that adoption, it can influence the world to adopt it as well.
It's really up to the US voters to check his behaviours and determine whether his statements are true or false. Hopefully, he is honest and true about Cryptocurrency, and I can support him as a Bitcoiner.
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From the comments section, nobody can understand how these two events are connected to each other. Since Trump is allegedly the pro-crypto candidate.
But don't forget that phrase "Correlation does not imply causation" exist. There has to be other reason Bitcoin price reaches $60K. Besides, some news report the suspect behind the shooting is also fellow republican.
hmm, political games will definitely be there during a campaign period like this, even though coincidentally the price of BTC also increases, but will Trump's pro-crypto stance continue until he becomes president later, I'm afraid he will only have an opinion and be pro-BTC for the sake of supporting crypto lovers, after that I don't know (just my feeling)