Probably because Trump came out in support of bitcoin.According to data from Farside, Bitcoin ETF net inflows on June 6 totaled $217.7 million.Why isn’t the BTC price moving despite billions in ETF inflows?
ETF inflows are significant, but Bitcoin’s price is held back by selling from long-term holders and overall market conditions.cointelegraph.com
@mullokintyre Who will the smart money be on. The Trumpet a criminal or the financial gurus.Probably because Trump came out in support of bitcoin.
Mainstream media and the financial gurus will all come out against BTC now.
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its one of those strange things about democracy, where for the most part, the people get to decide the outcome.@mullokintyre Who will the smart money be on. The Trumpet a criminal or the financial gurus.
Not really much of a choice, is it???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
Sure makes for great entertainment for the next presidential term though, that's for sure! Bring on the popcorn...Not really much of a choice, is it???
Totally forgot about the pop-corn.Sure makes for great entertainment for the next presidential term though, that's for sure! Bring on the popcorn...
He went on with some big promises:"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."
Trump also confirmed that he will appoint a crypto advisory council with "regulations written by industry-loving people within 100 days.""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"
Additionally, the former president pointing out that"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."
Promising to 'drill, baby, drill', Trump notes that with low energy costs the USA will become the undisputed bitcoin mining center of the world."Bitcoiners understand inflation better than anyone. You all understood it first."
"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.
Was always going to happen once trump endorsed BTC.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.
Was always going to happen once trump endorsed BTC.
JUMP has almost entirely sold its ETH holding.
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