Bitcoin Hits 67K Before Trump's Speech In Nashville

🔍 New event:

Bitcoin rose 4.3% as traders leaned into long positions ahead of former President Donald Trump's speech at the Bitcoin Conference in Nashville.

🔸 Context:

🔹 Markus Thielen, CEO of 10x Research, shared: “No one wants to short Bitcoin on the weekend.”

🔹 Trump may announce a Bitcoin strategic reserve plan if he is elected president in November.

🔸 Market impact:

Futures traders avoid short positions for fear of rising Bitcoin prices. “If Trump announces strategic reserves, Bitcoin will surge,” Thielen told Cointelegraph.

🔸 Notable information:

Bitcoin is trading at $66,985, up 4.42% in the past 24 hours, according to CoinMarketCap.

🔸 Gold and Bitcoin reserves:

The US Treasury has gold reserves worth $600 billion, while the government has confiscated Bitcoin worth $15 billion. Trump may adjust this ratio to about 10% of gold reserves, Thielen predicts.

🔸 Expert opinion:

Cointelegraph's Bryan Courchesne said adopting Bitcoin as a reserve asset would be difficult but not impossible.

🔗 Source: 🔥Crypto Analysis ⚡️⚡️

https://t.me/cryptoanalysisvn/1/1857

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