Trump has dismissed SEC Chair Gensler early in the July 27, 2024 Bitcoin conference
This implies that US government will own all BTC making it a digital capital.
Following his victory in November, Trump confirmed strategic Bitcoin stockpiling by US government.
Apparently due to Trump’s pro-crypto position, Bitcoin reached $69,399 by Saturday morning.
Trump’s pro-crypto and pro-Bitcoin pledges at the Nashville conference certainly fueled Saturday’s Bitcoin rise. American presidential contender pledged a strategic Bitcoin stockpiling if elected.
Bitcoin is trading above $65k support on Sunday at $67,383 levels.
Bitcoin rose after Trump’s speech
During Trump’s conversation with audience at bitcoin conference in Nashville
Trump revealed that Sec chair would be fired and replaced
The United States Government will strategically store Bitcoins
Hence, Bitcoins will be wholly owned by Americans
His allegiance to crypto will raise the value of bitcoin among other cryptocurrencies.
At some point in time Trump told listeners not to trade of Bitcoin as it might overtake Gold regarding market value.
Silk Road originator Ross Ulbricht would be released from life jail.
USA is going to become the crypto capital!
Trump assured Americans that the Kamala-Biden government's anti-crypto attitude and crypto campaign would cease.
There was no breakout bout beyond $70K for bitcoin before the correction came into play.
Bitcoin keeps rising highs and lows; on Saturday, it got closer to $70K resistance level. Donald Trump’s optimism undoubtedly influenced the growth of Bitcoin up to Binance$69,3990 .
#Trump #Bitcoin_Coneference_2024 #BTC $BTC
Alternatively, Bitcoin may retest its all-time high of nearly $73k with an almost 10% growth rate The BTC/USDT daily chart shows resistance at the Fair Value Gap (FVG) from $69,582 to $70,117.
