Australian (ASX) Stock Market Forum

Bitcoin price discussion and analysis

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farmerge said:
@mullokintyre Who will the smart money be on. The Trumpet a criminal or the financial gurus.
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its one of those strange things about democracy, where for the most part, the people get to decide the outcome.
All the other non American players and commentators just don't count.
If enough voters want Trump, they will elect him.
Otherwise it will be Biden.
Mick
 
If anyone is concerned about what might happen under a potential President Trump, hiss latest speech might give a few clues.

"We have to talk about Bitcoin. Our country is blessed with the extraordinary talent and genius in this room.
This spirit built America and will help us make it great again.
I admire what the Bitcoin community has achieved. In just 15 years, Bitcoin has gone from an idea to the 9th most valuable asset in the world.
It's already bigger than ExxonMobil and soon it will surpass the market cap of silver.
That's a big deal."
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He went on with some big promises:

"I pledge the day I take office the weaponization against Bitcoin ends."
"On day one, I will fire Gary Gensler and appoint a new SEC Chairman."
"I will immediately shutdown Operation Chokepoint 2.0"
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Trump also confirmed that he will appoint a crypto advisory council with "regulations written by industry-loving people within 100 days."

Trump also confirmed that "there will never be a CBDC" while he is president.

"Those who say that bitcoin is a threat to the dollar have it exactly backwards, the danger to our financial future comes from Washington DC not crypto."
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Additionally, the former president pointing out that

"Bitcoiners understand inflation better than anyone. You all understood it first."
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Promising to 'drill, baby, drill', Trump notes that with low energy costs the USA will become the undisputed bitcoin mining center of the world.

Finally, Trump dropped the big guns:

"The policy of the Trump administration will be to keep 100% of all that it currently holds as the core of the strategic national bitcoin stockpile," and confirmed his promise to commute the sentence of Ross Ulbricht to time-served.
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1722131213454.png
would certainly agree with the dumping of Gensler, captive to the big players, he was never goping to ruin their money making machine.
The question is, will his potential replacement be any better for the rest of us?
Mick
 
The entire crypto sector is in free fall with Bitcoin down over 10% in the last 24 hours and 21% over the last week. The price action I am seeing indicates the sector is going much lower. The selling is relentless.
 
greggles said:
The entire crypto sector is in free fall with Bitcoin down over 10% in the last 24 hours and 21% over the last week. The price action I am seeing indicates the sector is going much lower. The selling is relentless.
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Was always going to happen once trump endorsed BTC.
JUMP has almost entirely sold its ETH holding.
1722821798730.png
Mick
 

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