Hello!
At the time of writing these words Bitcoin is trading at $69,000. It touched $70,000 for a while but now has corrected a little bit. We are currently at 5% of all time highs. If we make a recap of this 2024 we will remember that has been wild. We got the ETF approval, we got the halving and now we are witnessing the US election.
This election is very important because the politicians now that there are millions of Bitcoiners in the US and if they can win the elections with some concessions, they will position themselves in a favorable position. Trump has decided to go this way, which in my opinion is the smartest thing to do. There are a lot of Bitcoiners that will vote for Trump only because of it's Bitcoin promises.
If we try to remember some of them. They will fire Gary Gensler from the SEC, if you don't know who he is at this point you are not deep in crypto. He said that will help Bitcoin miners to mine Bitcoin with their regulations, and he also promised something that was UNTHINKABLE some months ago. He will put some Bitcoin as a strategic Bitcoin reserve. Holy shit, I don't know what will happen to the price when this happens.
Will Trump win? Will he do what he has promised? If Kamala wins, they will keep pushing against Bitcoin as the democrats have been doing all this years?
Super interesting times to be alive!
Posted Using InLeo Alpha