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Bitcoin's price has dropped following President Biden's recent decision to authorize Ukraine's use of U.S.-supplied long-range missiles against Russian targets. This significant policy shift has raised concerns among investors about geopolitical tensions and their impact on cryptocurrency markets. As Bitcoin reacts to these developments, market volatility is expected to continue.
#Bitcoin #CryptoMarket #Biden #Ukraine #Geopolitics
#Bitcoin #CryptoMarket #Biden #Ukraine #Geopolitics
Joe Biden drops out of United States presidential race
United States President Joe Biden has announced he will bow out of the 2024 presidential election.
United States President Joe Biden has officially withdrawn from the 2024 Presidential election, just four months before election day.
In a July 21 statement, Biden didn’t cite his reasons for stepping down, instead merely claiming that it was in the "best interest of my party and my country." His absence leaves the Democrats to face the 2024 election day, set for Nov. 5, without his candidacy.
The ongoing speculation about Biden potentially stepping down has led some to predict his vice president, Kamala Harris, as a likely replacement. However, no replacement has been officially confirmed yet.
#JoeBiden #Biden ##EthereumETF #BinanceUS $BTC $ETH $USDC
United States President Joe Biden has announced he will bow out of the 2024 presidential election.
United States President Joe Biden has officially withdrawn from the 2024 Presidential election, just four months before election day.
In a July 21 statement, Biden didn’t cite his reasons for stepping down, instead merely claiming that it was in the "best interest of my party and my country." His absence leaves the Democrats to face the 2024 election day, set for Nov. 5, without his candidacy.
The ongoing speculation about Biden potentially stepping down has led some to predict his vice president, Kamala Harris, as a likely replacement. However, no replacement has been officially confirmed yet.
#JoeBiden #Biden ##EthereumETF #BinanceUS $BTC $ETH $USDC
PolitiFi Memecoin Shakeout: BODEN Drops 55% As KAMA Soars
The world of PolitiFi memecoins witnessed a rollercoaster ride recently, as BODEN plummeted by 55% while KAMA skyrocketed by 150%. The unexpected turn of events left many investors in shock.
The US political scene took a dramatic turn when President Joe Biden announced his withdrawal from the presidential race. This sudden development sent shockwaves through the PolitiFi memecoin sector, causing a sharp decline in Biden-themed tokens and a surge in Kamala Harris-inspired tokens. #Boden #Kama #Biden #BidenDropOut
The world of PolitiFi memecoins witnessed a rollercoaster ride recently, as BODEN plummeted by 55% while KAMA skyrocketed by 150%. The unexpected turn of events left many investors in shock.
The US political scene took a dramatic turn when President Joe Biden announced his withdrawal from the presidential race. This sudden development sent shockwaves through the PolitiFi memecoin sector, causing a sharp decline in Biden-themed tokens and a surge in Kamala Harris-inspired tokens. #Boden #Kama #Biden #BidenDropOut
Joe Biden Withdraws: Could a Trump Return Boost Bitcoin or Will Harris Step In?
United States President Joe Biden shocked the markets when he announced that he would not seek a second term in the White House, sparking diverse reactions among analysts trying to predict the future of #Bitcoin❗️ (BTC) and other crypto assets.
Immediately following Biden's announcement, the BTC price dipped by as much as 2.8%, touching a low of $65,800. However, it quickly rebounded to trade at $67,916 at press time.
Market Reactions to the Joe Biden Announcement
eToro market analyst Josh Gilbert described Biden’s sudden move as a “win for crypto assets.” He emphasized that former President Donald Trump’s heightened chances of re-election could be a significant boost for the cryptocurrency market. Gilbert stated:
“The longer that we see Trump staying ahead in the election odds, the more crypto assets will price in his victory."
However, he also noted the uncertainty of the situation, highlighting that with three months left in the election race, significant changes could still occur.
Trump's Crypto-Friendly Stance
Trump has recently integrated Bitcoin and cryptocurrencies into his re-election campaign. On June 14, he declared that he would end the Biden administration’s “war on crypto” if re-elected. Markus Thielen, founder of 10X Research, also suggested that Trump might make a significant announcement regarding Bitcoin at the upcoming Bitcoin 2024 conference in Nashville on July 25.
Thielen pointed out that the US government currently holds 212,800 BTC, valued at approximately $15 billion. In contrast, it holds around $600 billion in gold reserves. If the government were to double its Bitcoin holdings, it would have a comparable price impact to the net inflows into spot Bitcoin exchange-traded funds (ETFs) year-to-date.
Looking ahead, Gilbert anticipates a bullish trend for Bitcoin, driven by the upcoming launch of spot Ethereum (ETH) ETFs in the US. This development could serve as a catalyst for growth across the crypto market.
Caution Amid Optimism
Despite the optimism, some analysts urge caution. Swyftx analyst Pav Hundal warned that while Biden’s withdrawal might boost Trump’s chances, the recent bounce in crypto prices might not be directly linked to this political shift. Hundal highlighted the importance of learning from past experiences, such as the Bitcoin #ETF speculation, which saw temporary price stalls before an uptrend.
“Learning from the Bitcoin ETF experience, we could see a temporary stalling of prices before the uptrend continues,” he said. “This recent surge might be attributed to early Ethereum ETF speculation, and it’s important for investors to stay cautious and not get overly excited in the short term.”
Gary Black, Managing Partner at The Future Fund, also expressed skepticism. He reminded his 433,000 followers on X that a Trump victory was not guaranteed, given the public’s distrust of Trump following the events of Jan. 6.
“Those who think Trump/Vance will win by a landslide are getting ahead of themselves,” Black commented in a July 22 post. “The American public doesn’t trust Trump after the events of Jan 6th. I was no fan of Biden or Kamala, but Dems could still nominate Newsom, Michelle Obama, or another leading Dem to be their Presidential candidate.”
While Biden’s decision not to seek re-election has generated optimism among some crypto enthusiasts, the political landscape remains uncertain. Analysts recommend a cautious approach, advising investors not to get too excited about a potential Trump victory just yet. As the election race progresses, the interplay between politics and the crypto market will continue to unfold, potentially shaping the future of digital assets.
Traders on the decentralized betting platform Polymarket are confident that Harris could be the next Democratic nominee for this election. “Yes” shares on the platform surged to 81 cents, meaning traders forecast an 81% likelihood that she will replace Biden.
Bets on who will win this Presidential election (Source: PolyMarket)
Meanwhile, “Yes” shares for Trump to win the 2024 Presidential Election stood at 64 cents, indicating a 64% chance, according to traders on Polymarket. Shares in favor of a Harris victory stood at 29 cents, while “Yes” shares for Michelle Obama stood at 3 cents.
$BTC #Biden #Trump
Immediately following Biden's announcement, the BTC price dipped by as much as 2.8%, touching a low of $65,800. However, it quickly rebounded to trade at $67,916 at press time.
Market Reactions to the Joe Biden Announcement
eToro market analyst Josh Gilbert described Biden’s sudden move as a “win for crypto assets.” He emphasized that former President Donald Trump’s heightened chances of re-election could be a significant boost for the cryptocurrency market. Gilbert stated:
“The longer that we see Trump staying ahead in the election odds, the more crypto assets will price in his victory."
However, he also noted the uncertainty of the situation, highlighting that with three months left in the election race, significant changes could still occur.
Trump's Crypto-Friendly Stance
Trump has recently integrated Bitcoin and cryptocurrencies into his re-election campaign. On June 14, he declared that he would end the Biden administration’s “war on crypto” if re-elected. Markus Thielen, founder of 10X Research, also suggested that Trump might make a significant announcement regarding Bitcoin at the upcoming Bitcoin 2024 conference in Nashville on July 25.
Thielen pointed out that the US government currently holds 212,800 BTC, valued at approximately $15 billion. In contrast, it holds around $600 billion in gold reserves. If the government were to double its Bitcoin holdings, it would have a comparable price impact to the net inflows into spot Bitcoin exchange-traded funds (ETFs) year-to-date.
Looking ahead, Gilbert anticipates a bullish trend for Bitcoin, driven by the upcoming launch of spot Ethereum (ETH) ETFs in the US. This development could serve as a catalyst for growth across the crypto market.
Caution Amid Optimism
Despite the optimism, some analysts urge caution. Swyftx analyst Pav Hundal warned that while Biden’s withdrawal might boost Trump’s chances, the recent bounce in crypto prices might not be directly linked to this political shift. Hundal highlighted the importance of learning from past experiences, such as the Bitcoin #ETF speculation, which saw temporary price stalls before an uptrend.
“Learning from the Bitcoin ETF experience, we could see a temporary stalling of prices before the uptrend continues,” he said. “This recent surge might be attributed to early Ethereum ETF speculation, and it’s important for investors to stay cautious and not get overly excited in the short term.”
Gary Black, Managing Partner at The Future Fund, also expressed skepticism. He reminded his 433,000 followers on X that a Trump victory was not guaranteed, given the public’s distrust of Trump following the events of Jan. 6.
“Those who think Trump/Vance will win by a landslide are getting ahead of themselves,” Black commented in a July 22 post. “The American public doesn’t trust Trump after the events of Jan 6th. I was no fan of Biden or Kamala, but Dems could still nominate Newsom, Michelle Obama, or another leading Dem to be their Presidential candidate.”
While Biden’s decision not to seek re-election has generated optimism among some crypto enthusiasts, the political landscape remains uncertain. Analysts recommend a cautious approach, advising investors not to get too excited about a potential Trump victory just yet. As the election race progresses, the interplay between politics and the crypto market will continue to unfold, potentially shaping the future of digital assets.
Traders on the decentralized betting platform Polymarket are confident that Harris could be the next Democratic nominee for this election. “Yes” shares on the platform surged to 81 cents, meaning traders forecast an 81% likelihood that she will replace Biden.
Bets on who will win this Presidential election (Source: PolyMarket)
Meanwhile, “Yes” shares for Trump to win the 2024 Presidential Election stood at 64 cents, indicating a 64% chance, according to traders on Polymarket. Shares in favor of a Harris victory stood at 29 cents, while “Yes” shares for Michelle Obama stood at 3 cents.
$BTC #Biden #Trump
U.S. Vs. China: New Semiconductor Rules Threaten Global Tech Balance
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website [PlayAiGames.Online]
Biden's proposed semiconductor rules target China's access to advanced chip tech, sparking debate and resistance from allies.U.S. faces industry and diplomatic pushback as new rules, exempting over 30 allied countries, aim to curb China's chip production.
The Biden administration is working to overcome resistance from allied nations and the tech industry as it seeks to impose stricter regulations on semiconductor exports to China.
The new rules aim to limit China’s access to advanced chip-making technology, potentially bolstering Beijing’s military capabilities.
Proposed regulations would restrict exports of semiconductor production machinery and software to China if they involve American technology, along with certain semiconductor types, reported The New York Times.
This move is intended to close loopholes Chinese chipmakers have exploited to acquire technology despite existing international restrictions.
The U.S. has been pressuring allies such as Japan and the Netherlands to tighten their own tech export controls to China. These countries, home to major chip-making machinery firms like ASML and Tokyo Electron, have faced U.S. diplomatic pressure, including during a recent Japanese state visit to Washington.
#US #China #Biden #Trump #Bitcoin $BTC $ETH $SOL
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website [PlayAiGames.Online]
Biden's proposed semiconductor rules target China's access to advanced chip tech, sparking debate and resistance from allies.U.S. faces industry and diplomatic pushback as new rules, exempting over 30 allied countries, aim to curb China's chip production.
The Biden administration is working to overcome resistance from allied nations and the tech industry as it seeks to impose stricter regulations on semiconductor exports to China.
The new rules aim to limit China’s access to advanced chip-making technology, potentially bolstering Beijing’s military capabilities.
Proposed regulations would restrict exports of semiconductor production machinery and software to China if they involve American technology, along with certain semiconductor types, reported The New York Times.
This move is intended to close loopholes Chinese chipmakers have exploited to acquire technology despite existing international restrictions.
The U.S. has been pressuring allies such as Japan and the Netherlands to tighten their own tech export controls to China. These countries, home to major chip-making machinery firms like ASML and Tokyo Electron, have faced U.S. diplomatic pressure, including during a recent Japanese state visit to Washington.
#US #China #Biden #Trump #Bitcoin $BTC $ETH $SOL
Trump Releases Fourth Drop of His NFT Trading Cards
Former President Donald Trump has released the fourth batch of his digital trading card NFTs. In a promotional video shared on social media, Trump claims the new collection includes artwork depicting him “dancing and even holding some Bitcoins.”
Collectors who spend $24,750 on the cards will reportedly get access to Trump sneakers, Trump cocktails and dinner at Trump National Golf Club in Jupiter, Florida, with Trump.
The official website shows that there could be as many as 360,000 such cards minted, each selling for $99 on the Polygon network.
#TrumpCryptoSupport #Biden #TON #DOGSONBINANCE #TelegramCEO
Former President Donald Trump has released the fourth batch of his digital trading card NFTs. In a promotional video shared on social media, Trump claims the new collection includes artwork depicting him “dancing and even holding some Bitcoins.”
Collectors who spend $24,750 on the cards will reportedly get access to Trump sneakers, Trump cocktails and dinner at Trump National Golf Club in Jupiter, Florida, with Trump.
The official website shows that there could be as many as 360,000 such cards minted, each selling for $99 on the Polygon network.
#TrumpCryptoSupport #Biden #TON #DOGSONBINANCE #TelegramCEO
Finally, #Biden is out. Was expected.
Bitcoin is reacting better than it could.
#Biden_Out_BTC_Up #Bitcoin_Coneference_2024 #BinanceHODLerBANANA #btc70
$BTC $MANTA $CVP
Bitcoin is reacting better than it could.
#Biden_Out_BTC_Up #Bitcoin_Coneference_2024 #BinanceHODLerBANANA #btc70
$BTC $MANTA $CVP
LIVE
Al Crypto
--
Lawmakers had urged Biden to collaborate with the SEC to rescind #SAB121 if he planned to veto the resolution. Despite this, the resolution passed both chambers of Congress with significant majorities.
4/5🧵
4/5🧵
Intel’s Money Woes Throw Biden Team’s Chip Strategy Into Turmoil
#IntelToEarn #Biden #IntelXeon6 #HarrisCampaign
#CryptoNewsCommunity
The Biden-Harris administration’s big bet on Intel Corp. to lead a US chipmaking renaissance is in grave trouble as a result of the company’s mounting financial struggles, creating a potentially damaging setback for the country’s most ambitious industrial policy in decades.
Five months after the president traveled to Arizona to unveil a potential $20 billion package of incentives alongside Chief Executive Officer Pat Gelsinger, there are growing questions around when — or if — Intel will get its hands on that money.
Intel’s woes also may jeopardize the government’s ability to reach its policy goals, which include establishing a secure supply of cutting-edge chips for the Pentagon and making a fifth of the world’s advanced processors by 2030.
#IntelToEarn #Biden #IntelXeon6 #HarrisCampaign
#CryptoNewsCommunity
The Biden-Harris administration’s big bet on Intel Corp. to lead a US chipmaking renaissance is in grave trouble as a result of the company’s mounting financial struggles, creating a potentially damaging setback for the country’s most ambitious industrial policy in decades.
Five months after the president traveled to Arizona to unveil a potential $20 billion package of incentives alongside Chief Executive Officer Pat Gelsinger, there are growing questions around when — or if — Intel will get its hands on that money.
Intel’s woes also may jeopardize the government’s ability to reach its policy goals, which include establishing a secure supply of cutting-edge chips for the Pentagon and making a fifth of the world’s advanced processors by 2030.
🚨📰 _Breaking News!_ 🤯
_Former President Donald Trump Speaks Out!_ 🇺🇸
_Trump Criticizes Biden's Economic Record!_ 💸
_Says Only Jobs Created Are for "Illegal Immigrants"!_ 🚫
_And Slams Biden on Soaring Inflation!_ 📉
_Trump: "Inflation is Killing Our Country!"_ 🌪️
Feel Free to Reach out us 👉TG@ItxAP117
For signals📶🚦
#Trump #Biden #Economy #Jobs #Inflation
$BTC
_Former President Donald Trump Speaks Out!_ 🇺🇸
_Trump Criticizes Biden's Economic Record!_ 💸
_Says Only Jobs Created Are for "Illegal Immigrants"!_ 🚫
_And Slams Biden on Soaring Inflation!_ 📉
_Trump: "Inflation is Killing Our Country!"_ 🌪️
Feel Free to Reach out us 👉TG@ItxAP117
For signals📶🚦
#Trump #Biden #Economy #Jobs #Inflation
$BTC
💰Bitcoin performance after US 🇺🇲 Presidential Elections !!
#TrumpCryptoSupport #Biden #KamalaHarris2024 #Election2024 #Bitcoin❗
#TrumpCryptoSupport #Biden #KamalaHarris2024 #Election2024 #Bitcoin❗
#altcoins #BTC
🚨 Awful News for Bitcoin and Altcoins from US President Biden!🚨
U.S. President Joe Biden has recently reported that he rejected a House Joint Goal pointed toward canceling Staff Bookkeeping Release 121 (SAB 121) from the U.S. Protections and Trade Commission (SEC).
🔍 **What is SAB 121?**
SAB 121 is a SEC bookkeeping rule that requires monetary establishments holding digital currencies for clients to keep these resources on their own asset reports. Pundits contend this makes it provoking for monetary organizations to team up with crypto organizations.
During his rejection choice, President Biden accentuated his obligation to safeguarding shoppers and financial backers, expressing he won't uphold "any actions that would risk the government assistance of customers and financial backers." 🛡️
"By summoning the Legislative Audit Act, this conservative drove choice would improperly confine the SEC's capacity to lay out proper guardrails and address future issues," Biden made sense of.
He emphasized his craving to work with Congress on regulation for the computerized resource market, focusing on the requirement for "proper guardrails that safeguard customers and financial backers." 🏦👥
Prior on Friday, Representative Ron Wyden (D-Metal.), an individual from Biden's party who decided in favor of the goal, communicated worries at the Agreement 2024 meeting. He noticed that this direction sets an alternate norm for crypto contrasted with different resources in the monetary area.
#BTC #altcoins
#Biden
🚨 Awful News for Bitcoin and Altcoins from US President Biden!🚨
U.S. President Joe Biden has recently reported that he rejected a House Joint Goal pointed toward canceling Staff Bookkeeping Release 121 (SAB 121) from the U.S. Protections and Trade Commission (SEC).
🔍 **What is SAB 121?**
SAB 121 is a SEC bookkeeping rule that requires monetary establishments holding digital currencies for clients to keep these resources on their own asset reports. Pundits contend this makes it provoking for monetary organizations to team up with crypto organizations.
During his rejection choice, President Biden accentuated his obligation to safeguarding shoppers and financial backers, expressing he won't uphold "any actions that would risk the government assistance of customers and financial backers." 🛡️
"By summoning the Legislative Audit Act, this conservative drove choice would improperly confine the SEC's capacity to lay out proper guardrails and address future issues," Biden made sense of.
He emphasized his craving to work with Congress on regulation for the computerized resource market, focusing on the requirement for "proper guardrails that safeguard customers and financial backers." 🏦👥
Prior on Friday, Representative Ron Wyden (D-Metal.), an individual from Biden's party who decided in favor of the goal, communicated worries at the Agreement 2024 meeting. He noticed that this direction sets an alternate norm for crypto contrasted with different resources in the monetary area.
#BTC #altcoins
#Biden
🇺🇸 Donald Trump 2024 Bitcoin Conference Speech Recap:
• On day one I will fire Gary Gensler and appoint a new SEC chairman.
• Create a US Government strategic national Bitcoin stockpile if elected.
• US Government will keep 100% of Bitcoin it owns
• Bitcoin is going to the moon.
• Never sell your Bitcoin
• Bitcoin will one day probably surpass the market cap of Gold.
• I reaffirm my pledge to commute Ross Ulbricht's sentence.
• There will never be a CBDC while I am President of the United States.
• Bitcoin and crypto will skyrocket like never before if elected president.
• Bitcoin is not threatening the dollar, the current U.S. government is threatening the dollar.
• The United States will be the crypto capital of the planet and the Bitcoin superpower of the world.
• Bitcoin stands for freedom, sovereignty, and independence from government coercion and control.
• I pledge to the Bitcoin community that the day I take oath of Office, Joe Biden and Kamala Harris' anti-crypto crusade will be over.
#donaldtrump #bitcoin #CryptoNewss #Biden #SECApproval
• On day one I will fire Gary Gensler and appoint a new SEC chairman.
• Create a US Government strategic national Bitcoin stockpile if elected.
• US Government will keep 100% of Bitcoin it owns
• Bitcoin is going to the moon.
• Never sell your Bitcoin
• Bitcoin will one day probably surpass the market cap of Gold.
• I reaffirm my pledge to commute Ross Ulbricht's sentence.
• There will never be a CBDC while I am President of the United States.
• Bitcoin and crypto will skyrocket like never before if elected president.
• Bitcoin is not threatening the dollar, the current U.S. government is threatening the dollar.
• The United States will be the crypto capital of the planet and the Bitcoin superpower of the world.
• Bitcoin stands for freedom, sovereignty, and independence from government coercion and control.
• I pledge to the Bitcoin community that the day I take oath of Office, Joe Biden and Kamala Harris' anti-crypto crusade will be over.
#donaldtrump #bitcoin #CryptoNewss #Biden #SECApproval
⚠️⚠️⚠️CRYPTO IN DANGER: HOSKINSON WARNS OF BIDEN THREAT ⚠️⚠️ ⚠️
- Charles Hoskinson warns Biden victory could harm US crypto industry
- Hoskinson urges crypto community to support pro-crypto candidates
- Vitalik Buterin advises voters to scrutinize politicians' understanding of crypto
- Donald Trump changes stance on crypto, now speaks favorably
- Political tensions surround crypto industry, community must be aware
#Write2Earn! #Biden #TrumpCryptoSupport #NewsAboutCrypto
- Charles Hoskinson warns Biden victory could harm US crypto industry
- Hoskinson urges crypto community to support pro-crypto candidates
- Vitalik Buterin advises voters to scrutinize politicians' understanding of crypto
- Donald Trump changes stance on crypto, now speaks favorably
- Political tensions surround crypto industry, community must be aware
#Write2Earn! #Biden #TrumpCryptoSupport #NewsAboutCrypto
#Alert🔴
In the upcoming live broadcast conversation between #Trump and #Biden on CNN on June 27, key topics likely to be discussed include the state of the U.S. economy, including inflation and job growth, and the ongoing challenges in foreign policy, such as relations with China and Russia. Healthcare and immigration policies might also be prominent points of debate. Given the political climate, expect discussions on election integrity and potential reforms. Both leaders will likely address their visions for America's future, highlighting contrasts in their approaches to governance. The debate promises to offer insights into their strategies and priorities as they vie for public support.
#BinanceTournament
In the upcoming live broadcast conversation between #Trump and #Biden on CNN on June 27, key topics likely to be discussed include the state of the U.S. economy, including inflation and job growth, and the ongoing challenges in foreign policy, such as relations with China and Russia. Healthcare and immigration policies might also be prominent points of debate. Given the political climate, expect discussions on election integrity and potential reforms. Both leaders will likely address their visions for America's future, highlighting contrasts in their approaches to governance. The debate promises to offer insights into their strategies and priorities as they vie for public support.
#BinanceTournament
#Biden is gone 😳👀
"The Departure of Biden: A Market Conundrum
The departure of Biden has created uncertainty in the markets, typically a negative scenario. However, this development has counterintuitively bolstered Bitcoin's prospects. Let's examine the reasoning:
1. Market Dynamics
A week ago, Trump's victory seemed likely, and markets favored him. However, the current situation has introduced uncertainty, with Trump's chances diminishing and support for Kamala Harris growing. Markets abhor uncertainty, making this shift potentially detrimental.
1. Bitcoin's Resilience
Despite the market turmoil, Bitcoin remains buoyant due to its unique circumstances:
- Trump has consistently supported Bitcoin.
- Biden's stance has softened, but any successor will likely maintain a similar approach to avoid replicating Biden's mistakes.
The reduced uncertainty surrounding Bitcoin's political landscape has created a favorable environment.
Key Development: Trump's Bitcoin Conference Appearance
Trump is scheduled to speak at the Bitcoin conference on Saturday, sparking speculation about a potential announcement declaring Bitcoin a strategic reserve asset. This would be a groundbreaking moment in Bitcoin's history, as it would:
- Follow adoption by individuals, companies, and non-sovereign states like El Salvador
- Potentially pave the way for a major sovereign state to embrace Bitcoin
Stay tuned for this pivotal event!
#BinanceTurns7 #BinanceSquareFamily #shabana #Write2Earn!
"The Departure of Biden: A Market Conundrum
The departure of Biden has created uncertainty in the markets, typically a negative scenario. However, this development has counterintuitively bolstered Bitcoin's prospects. Let's examine the reasoning:
1. Market Dynamics
A week ago, Trump's victory seemed likely, and markets favored him. However, the current situation has introduced uncertainty, with Trump's chances diminishing and support for Kamala Harris growing. Markets abhor uncertainty, making this shift potentially detrimental.
1. Bitcoin's Resilience
Despite the market turmoil, Bitcoin remains buoyant due to its unique circumstances:
- Trump has consistently supported Bitcoin.
- Biden's stance has softened, but any successor will likely maintain a similar approach to avoid replicating Biden's mistakes.
The reduced uncertainty surrounding Bitcoin's political landscape has created a favorable environment.
Key Development: Trump's Bitcoin Conference Appearance
Trump is scheduled to speak at the Bitcoin conference on Saturday, sparking speculation about a potential announcement declaring Bitcoin a strategic reserve asset. This would be a groundbreaking moment in Bitcoin's history, as it would:
- Follow adoption by individuals, companies, and non-sovereign states like El Salvador
- Potentially pave the way for a major sovereign state to embrace Bitcoin
Stay tuned for this pivotal event!
#BinanceTurns7 #BinanceSquareFamily #shabana #Write2Earn!