Bitcoin reaches $60,000 after Donald Trump shot at

[babo]

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

[NotATether]

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.

[babo]

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.

[KingsDen]

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.

[Rruchi man]

~

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.

[Faisal2202]

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? 

[bhadz]

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.

[trendcoin]

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...

[Z-tight]

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.

[robelneo]

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.

[MUGNIA]

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)