Bitcoin Forum

There was a rumor that Kanye West picked a crypto guy as his running mate.    Is that what caused the price jump?   Here to last a few months?

I never heard about such rumour but AFAIK the small pump this day caused by this news https://news.bitcoin.com/bitcoin-kanye-west-running-for-president-2020-donald-trump-joe-biden/


it looks like he was giving a good sentiment to the crypto especially for bitcoiners

Probably a rumour and not much spike on the crypto prices as far as I have seen.Currently crypto market is moving in side ways for months already so dump after bump and again the dump then the cycle keep repeating meanwhile lot of news media says different reasons for this happening but nothing new.Just another normal day for crypto investor, keep holding one day everyone will start using cryptos.

No? I don't think that led the price to jump. I don't also think that there has to be something about crypto why he's running for the presidency. When I first heard about it, I never thought that it's part of his crypto plan.

Talking about the market spike mostly for bitcoin. Well, we have been too stagnant for a few days so the move recently was pretty normal and the news about Kanye West is just a coincidence why the market spiked.

I would think there is no link between the K West stuff and crypto price.
Don't think he's serious about running anyway, looks more like publicity-seeking.

I am still predicting Joe Exotic as his running mate. :D

Why you people not getting tired of making imaginations?
or Better say hallucination ?

Just because the actor make a statement about running for presidency now here you go starting to connect Bitcoin or cryptocurrency again?

People in crypto are not stupid to believe this ,and also if this really effect the market then we must be on 10,000 now?But Look Use your eyes,Bitcoin only Pumps almost 1% so is this what you called Price Pump?

Yeah, why do they feel like everything will impact on the crypto market? but if all of the government official are into crypto? it is not impossible that they will get it as soon as possible, coz that only means that they understand how it really works, so they could possible add crypto into our present banking system. But we ain't getting instant pump that's for sure.

I've never read a post with Kanye talking about cryptocurrency, maybe he's into it but not speaking up, who knows?

As I said we cannot get an instant pump about it, aside we would not know if there is a relation between that coz we don't have a data to based onto.

I do not think Kanye West was behind of the pump . I think it was the effect after dump from 10.1k to 9k and back 9.2k . Soon I think we will reach again 10k

l agree with your opinion, in my mind, Kanye West can not be behind of the pump, there is something another fact which can affect the price. But about the price increasing of BTC l think it will happen near the end of the year. After some problem solved we will see the movement of BTC. Then altcoins will follow this event. BTC is just near to 10k, but it can not help altcoins to rise up. There is not any change in altcoins price.

There are not always rumors behind everything. Rumors behind pumping the market don’t always work. In the case of market price changes, many things can have an effect. The market slowly recovered from that place when everyone gave up hope after the last major market collapse. This pump did not rely on any general news or rumors. There may be another reason behind this. So try to find out the real information

I don't think so, In the previous month Bitcoin is going back and forth in the price range of 8000 to 10,000 I guess it has no influence with that rumor, I don't even hear about that rumor until now. But news really influences the market price now maybe if the rumor real and they won it will have some impact on the market price in the future.

I do not think that this news could pump the market rather it was normal market trading as market is range trading from couple of months and earlier the price moved down and now it moved back up. We can only say that something effected the market if the market breaks the range which is not the case at the moment.

Even if he chose to pick Vitalik for his running  mate it doesn't change much, the banks are the ones against Crypto not politicians, Bankers control these politicians because they need their money, we need banks to start welcoming crypto and they believe Bitcoin would make them useless and distraught their business model long

Banks are already accepting cryptocurrency, crypto doesnt always revolve in US. You can check news in the EU most of them are cryptofriendly even some of their banks are heavily invested in blockchain tech.

Probably rumors on social media and smart guys tried to buy the news for later selling the fact. The small spike is nothing and this pump will be swallowed by big guys in 2 days, IMHO. First come first serve rule is the new unbreakable rule of such a news pump. The spike will go down after the dying HYPE, from my experience.

I think this is a good signs for us, because this man Kanye West was  popular all throughout cryptocurrency. If this crypto guy definitely acquired a big shares of his holdings, well that's exactly the best thing right now. When there's a price jump, this probably due to several good news coming out and the news about Kanye, and his running mate possibly one of those reasons behind.

theres really no significant change in the market. i dont think west has something to do with this slight rise. everyone wants to tie up with something when the market moves.
  are we going to make a connection every news that may contribute to small changes in the crypto market? i believe whatever is happening in the market is the contribution of so many factors..we cant pinpoint it to only one possible source

Even if that's true, i think that not very meaningful. Increases price not because news like that. My opinion of increases because effect of bitcoin halving. Need time until halving to take effect, but i think we already feel the effect, bitcoin increase gradually and of course altcoins will follow it