It's wild how much general news still plays a huge factor in the crypto world. In fact just speculation and even rumors is enough to wildly swing prices. When it was Trump vs Biden and trump was clearly going to win especially after his assassination attempt crypto was on a rampage of higher prices and renewed confidence. That was until this chick Harris stepped in and once again made it a close race.
I firmly believe the the Dems. are leading us into a world of socialism and doing so in a way that destroys the people who have lived in this country for so long and made it great into what it is today. It's a sad truth and one I think more citizens of the USA should be getting upset about.
That being said some new news came out today and I think it's positive for Trump.
On one had I'd love to see more people run for presidency. The issue however is I don't think there's ever been a case where a 3rd party president has ever won. Instead it often removes votes from a possible president and I think that was made rather clear by the actions of this year.
As Harris started to do better in polls and start trash talking crypto again the crypto world started to get a little skeptical again. And for good reason. If you believe for a moment that the dems are going to be pro crypto at all after brutally attacking it for the last four years then you seriously need to get your brain checked for stupidity.
This cause crypto prices to slump as it was now uncertain who was going to win. RFK was running as a 3rd party and has pretty much the same views as trump. Honestly I'd vote him in if I thought he really had a chance at winning but as I stated before no 3rd party has ever won presidency.
With RFK now bowing out and pushing his votes towards trump that now gives Trump a better fighting chance. I thank RFK for doing this and is why I believe he would have made a good president as he's willing to do things without just thinking of himself and that's exactly what we need.
This news was simply enough to start to rally crypto again. In fact at the time of writing this bitcoin has shot up 5 percent to nearly 64k a solid number that puts us back on track to that 100k we are all hoping to hit by end of year.
I think this is a very clear sign about how crypto is going to react to who wins. If Harris wins I foresee a huge crash in crypto price and with that the stock market will most likely follow along with it. However with a trump victory it does seem like crypto should be in the positive and perhaps start a bull run that continues in 2025!
What are your thoughts?
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