🚀 Bitcoin Set to Hit All-Time High After Trump’s Bitcoin Conference Speech
The post Bitcoin To Hit ATH After Donald Trump Bitcoin Conference 2024 Speech appeared first on Coinpedia Fintech News.
🗣️ Trump’s Historic Speech at Bitcoin Conference 2024
As former President Donald Trump prepares to deliver the keynote speech at the Bitcoin Conference 2024 in Nashville, Tennessee, excitement is building in the crypto world. This historic moment marks the first time a U.S. presidential candidate will address the Bitcoin Conference.
🔥 Trump’s Pro-Crypto Stance Ignites Market
Donald Trump, known for his pro-crypto stance, has garnered significant support from the crypto community, raising over $6 million from crypto-related Political Action Committees (PACs) and donors. Speculation is rife that Trump might push for the U.S. government to adopt Bitcoin as a “strategic reserve” asset, similar to foreign currencies or oil.
🇺🇸 Bitcoin Mining in America?
In a previous statement, Trump expressed a desire for Bitcoin (BTC) to be mined in America, a topic he might revisit during his speech. Additionally, he could use this opportunity to criticize Vice President Kamala Harris, his likely opponent, for declining an invitation to the conference.
📈 Bitcoin’s Path to $73,777
Trump’s upcoming speech has already influenced the Bitcoin market, with BTC trading in the green, hovering around $68,818. Analysts at QCP Capital have noted the “Trump effect” on Bitcoin, with the options market showing doubled realized volume as investors expect more gains ahead.
🚀 Onward to New Heights
Bitcoin is currently in an upward trend, forming higher highs and higher lows following a correction earlier in July. Analysts predict Bitcoin could extend its gains by 5.52%, aiming for a target of $71,997, just shy of the $72,000 mark. However, it might face challenges at price points around $69,582 and $70,117. If the rise continues, Bitcoin could approach its record high of $73,777.
🌟 Excitement and Speculation
The crypto world is abuzz with anticipation. Will Trump’s speech propel Bitcoin to new heights? Only time will tell, but the excitement is palpable!
Stay tuned for more updates from the Bitcoin Conference 2024! 📢
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