It is stated that Donald Trump attracted great attention with his pro-Bitcoin and cryptocurrency statements, and that Trump's chances of winning have strengthened with the announcement of US Presidential candidate Joe Biden's withdrawal from candidacy.
While this situation increases expectations that Trump will give Bitcoin a greater place in the financial system, it also brings with it speculation that this move could lead to a parabolic rise in Bitcoin prices. Claims about Trump's Bitcoin conference in Nashville fuel discussions that BTC can be considered a reserve asset and ensure that investors are prepared for unexpected price movements.
Speaking to Coindesk, Greg Magadini, derivatives director at Amberdata, stated that they expect significant price movements in Bitcoin this week.
"We expect Trump to speak at the Nashville Bitcoin conference this week. As long as Trump's leading role in the Bitcoin and crypto space continues, this speech could be a potential catalyst for BTC. Derivatives markets also seem to agree on Bitcoin and Trump, and the price action suggests something could happen." is showing."
A Parabolic Rise is Possible in Bitcoin!
10x Research founder Markus Thielen expressed his expectations for an increase in the price of Bitcoin.
"I think there may be a parabolic rise in BTC this week. Speculations are high that Trump may announce Bitcoin as a strategic reserve asset, and this could cause a parabolic increase in the price of Bitcoin. Taking profits in Bitcoin before the Nashville speech or Bitcoin Selling short can be expensive.â
Before his conference in Nashville on July 27, claims that Donald Trump may give Bitcoin a greater role in the US financial system and add it as a reserve asset have an important place on the agenda.
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