🚀 Bitcoin hits all-time high after Trump's Bitcoin conference speech
🗣️ Trump's historic speech at Bitcoin Conference 2024
As former President Donald Trump prepares to deliver the keynote speech at the 2024 Bitcoin Conference in Nashville, Tennessee, excitement is building in the cryptocurrency world. This historic moment marks the first time a US presidential candidate has spoken at the Bitcoin Conference.
🔥 Trump's pro-crypto stance ignites the market
Donald Trump, known for his pro-crypto stance, has received significant support from the crypto community, raising over $6 million from Political Action Committees (PACs) and cryptocurrency-related sponsors. There is widespread speculation that Trump could push the US government to accept Bitcoin as a “strategic reserve” asset, similar to foreign currency or oil.
🇺🇸 Bitcoin mining in the US?
In an earlier statement, Trump expressed his desire for Bitcoin (BTC) to be mined in the US, a topic he may revisit in his speech. Additionally, he could use the opportunity to criticize Vice President Kamala Harris, his likely rival, for declining an invitation to attend the conference.
📈 Bitcoin's path to $73,777
Trump's upcoming speech is already affecting the Bitcoin market, with BTC trading in the green, hovering around $68,818. Analysts at QCP Capital have noted a “Trump effect” on Bitcoin, with the options market showing real volume doubling as investors expect more profits ahead.
🚀 Reach new heights
Bitcoin is currently in an uptrend, forming higher highs and higher lows following the correction in early July. Analysts predict Bitcoin could extend gains by another 5.52%, aiming for $71,997, just shy of the $72,000 mark. However, it may face challenges at prices around $69,582 and $70,117. If the rally continues, Bitcoin could reach a record high of $73,777.
🌟 Excitement and speculation
The crypto world is buzzing with anticipation. Will Trump's speech push Bitcoin to new heights? Only time will tell, but the excitement is palpable!
