"The Dream III"
Two months later, BTC once again stood at 70,000U. Although it was only a few minutes, it was also brilliant and glorious, just like the rising sun, jumping out of the sea at once. Although sometimes covered by dark clouds, it cannot cover up the trend of the rising sun.
The basis for the surge in BTC this time is that Trump, who is in the "Trump" generation, strongly supports encryption at the Bitcoin Conference. The sub-track of "make America great" is to make crypto great. Why does Trump want to do this? 1. Why not pull votes if you can get them cheaply? 2. I will support what Biden opposes. In addition, whether it is the encryption institution Coinbase or A16Z, a large amount of U donations have been made in this election, and tens of millions of U have been invested at any time. Trump also needs the support of the sponsors.
The encryption circle is increasingly closely integrated with the political and economic trends, which is an irony to the decentralized nature of encryption itself, but is this important? It doesn't matter, as long as it gives everyone confidence to rise. Trump's statement is even bigger than the negative news that Mentougou has sold BTC to the exchange. Now 60,000 have been sold, and there are 80,000 waiting to be sold.
Will the bull market come in the second half of the year? It is likely to come, but I don't think it will be in September as everyone says. I will tell you the reason next time.