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UI8 Ⓜ️
@basetycon
Again, Trump's promises to the crypto industry could indeed make Bitcoin's price sensitive to election outcomes, much like how past elections have impacted financial markets. For instance, the 2008 financial crisis saw market reactions based on political developments and interventions, while the 2016 election influenced various assets due to the candidates' economic proposals. Given Bitcoin's volatility and speculative nature, its value might fluctuate significantly depending on how Trump's political promises play out, reflecting a historical pattern of political events shaping financial markets. https://www.coindesk.com/markets/2024/07/30/bitcoins-future-could-be-tied-to-the-outcome-of-the-us-election-jefferies/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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UI8 Ⓜ️
@basetycon
@javabu.eth @littleshrimp @manator Do you think this is realistic?
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littleshrimp
@littleshrimp
I think many BTC holders tied themselves to Trump so ya, I think it will impact price in the short term but the fundamentals haven’t changed so…
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UI8 Ⓜ️
@basetycon
I agree with you
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