Bitcoin soars to two-week high after Trump attack

[Smartvirus]

i think he had his chance once and he dropped the ball. i don't know why he deserves a second chance.

To simply put it, Trump ain’t coming to be president of Bitcoin, he isn’t here to govern Bitcoin but to be the president of America. His support for Bitcoin is only an item in his campaign and that’s it. He deserves whatever chance the citizens of America allows him to get and personally, I think he fits the bill.
I wouldn’t want to give him much of the credit for the surge in Bitcoin price at the moment, although is pro-Bitcoin inclusive campaign might have some effects to it but, Bitcoin had endured a bear move for a bit prior to the attempted on Trump.

[Woodie]

The attack on Trump has increased the chance of him being elected as a president once again!

A blessing in disguise 
Btw, too many things not going Biden's way at the moment such that Trump has capitalised on them..the  Ukraine war, handling of public resources etcetera I really didn't see Trump bouncing back but after the failed assassination attempt voters could give him another shot.

Also seeing a strong support on Bitcoin, Trump suddenly has started supporting it even though he was very negative about it during his first term.

The internet doesn't forget, am just surprised that the man has changed goal posts and am wondering why the sudden change of heart from nowhere Are his financial backers coming from a crypto background like Dam of FTX

Not going deeper into politics, but people who are speculating about trump's president term will bring in some relief for the Bitcoiners in the country, that might not happen in reality! I will be personally very happy if we see a positive change towards Bitcoin in US, but still somewhat skeptical about it.

Trump is a great hype man and if his at the time being his pro Bitcoin, the surely this works in our favour 

[Dr.Bitcoin_Strange]

During election period, contesting candidates normally make use of what the citizens love most or what they have always sought; those are the kinds of things that running candidates use as a tool to win the hearts of the people so that they can be voted for. Candidates can make a lot of false promises to the people just so that they can vote for them, and after they finally win the election, all those promises are dropped; perhaps it's just politics. 

I still remember some articles I read before now, it tells me how much distrust Trump has expressed about Bitcoin, and he has mentioned before that Bitcoin could be a scam. So, what Trump is currently doing is just because of the election, I guess. He wants to win, and he will employ every strategy that will help him. 

[khiholangkang]

Bitcoin surged to a two-week high on Monday after the attempted assassination of U.S. presidential candidate Donald Trump raised the odds of the former president, who has presented himself as a champion of cryptocurrency, winning the upcoming election.

https://www.reuters.com/technology/bitcoin-soars-two-week-high-after-trump-attack-2024-07-15/

when he was president the first time. the IRS started making all those rules about how you had to pay taxes even if you didn't convert it to fiat. so his history is that he hasn't done anything to help people using crypto, bitcoin in particular. he's just sat by and let the IRS make all these rules. rules that hurt people using bitcoin.

i think he had his chance once and he dropped the ball. i don't know why he deserves a second chance.

After that incident it was like Trump got a miracle for his electability to increase very quickly in a few days, everyone was talking about it and making a lot of speculation so that his name kept getting mentioned and being noticed, maybe because he had said he supported the bitcoin industry, this attracted investors to buy bitcoin because of the possibility that regulations would be changed in America.

I think Trump was previously very skeptical about Bitcoin and that's what made him not care about anything the IRS did during his tenure, now like Lary Fink before him who said that bitcoin was a scam, but after he learned about it he even launched a Bitcoin ETF, and I think Trump is also in that phase after realizing that Bitcoin is a strong enough base for the future with many enthusiasts in America who have been suppressed during Biden's tenure.

[ndutndut]

-snip-

And in general, Bitcoins doing fine. I don't even think the pump has anything to do with the assassination tbf, just a coincidence that the timeline matched.

I feel that this is not just a coincidence, in a way Trump's shooting had an impact on his electability and that has given him the upper hand for now. This affects the psychology of bitcoin investors and makes people increasingly confident that he will be able to become POTUS and make regulations that benefit Bitcoin investors. and that makes people buy more Bitcoin to prepare themselves if Trump is elected and the Bitcoin market experiences a pump.

Agree. This is not just a coincidence, even though Trump's shooting is related to hot politics because Trump is a strong candidate for President of America, this shooting has greatly influenced the voting map in America and this will indirectly affect the psychology of investors. we know that Trump is very supportive of technology. bitcoin than president Biden. It is true that no one can control Bitcoin, but world politics greatly influences the decisions of big investors.

In recent weeks, Bitcoin is back on track, although it plummeted due to Germany selling Bitcoin. Although the shooting is not a major factor in Bitcoin's current rise, it has made Trump win a very large percentage in the upcoming presidential election, so this also has an impact on investors.

[Emmanuelex]

Just because he didn't support Bitcoin before doesn't make him a wrong candidate, neither does it mean he can't change. People tend to misunderstand Bitcoin at first and always oppose the idea of cryptocurrency in general, until they really get to understand it. Take a look at some well known figures that publicly spoke against Bitcoin and how they later changed after they got to learn and understand what Bitcoin is all about. I believe Trump is on that path of understanding right now. May the best candidate win.

[larry_vw_1955]

Bitcoin has value already and now regulated. Bitcoin should be tax whether you like it or not or else it will be an easy escape goat for tax evaders.

I didn't say bitcoin should not be taxed but i think it should only be taxed when conversion to fiat occurs. if we can't get it back to that rule then nothing else is going to matter at least for americans.

Just because he didn't support Bitcoin before doesn't make him a wrong candidate, neither does it mean he can't change. People tend to misunderstand Bitcoin at first and always oppose the idea of cryptocurrency in general, until they really get to understand it. Take a look at some well known figures that publicly spoke against Bitcoin and how they later changed after they got to learn and understand what Bitcoin is all about. I believe Trump is on that path of understanding right now. May the best candidate win.

the thing is though that people like robert kyosaki actually invest into bitcoin. when have you ever heard trump say that he holds a sizeable investment in bitcoin? he doesn't care about bitcoin at all!

[jaberwock]

Just because he didn't support Bitcoin before doesn't make him a wrong candidate, neither does it mean he can't change. People tend to misunderstand Bitcoin at first and always oppose the idea of cryptocurrency in general, until they really get to understand it. Take a look at some well known figures that publicly spoke against Bitcoin and how they later changed after they got to learn and understand what Bitcoin is all about. I believe Trump is on that path of understanding right now. May the best candidate win.

It is not only about BTC but he was also involved for other hassles. That gives him a bad name for the majority. People still change as they say, so I guess you are right that we can try to give this man a chance and he can start it with BTC by adopting it and spreading its word. It's true that as a beginner, it's normal to misinterpret it but what is only wrong is if they will make a public statement. This triggers us who support BTC easily because people who are not yet here might get discouraged from entering.

when have you ever heard trump say that he holds a sizeable investment in bitcoin? he doesn't care about bitcoin at all!

They think he does now because of these positive stuffs that we are seeing and there is no need for a BTC investor to showcase how much BTC they hold because they think they are braggy with it and it can also give them a protection from the bad guys.

[Distinctin]

The attack on Trump has increased the chance of him being elected as a president once again! Also seeing a strong support on Bitcoin, Trump suddenly has started supporting it even though he was very negative about it during his first term. Not going deeper into politics, but people who are speculating about trump's president term will bring in some relief for the Bitcoiners in the country, that might not happen in reality! I will be personally very happy if we see a positive change towards Bitcoin in US, but still somewhat skeptical about it.

I am not sure whether he deserves a 2nd chance or not. But we are seeing a surge in right wing power all around the world. Trump is a known right wing supporter so I won't be surprised if he get elected for the 2nd term. The market might be soaring in speculation but cautious steps may needed.

If Trump is the only key right now to see bitcoin price consistently move upward, hence this is a good sign that Trump deserves a second chance, but we should still do more observations in the next months while the election is far ahead. Trump can be extra good for crypto while he is in the process of winning the crypto community, but let's see if this will still remain if he will be given the second chance.

It's Biden over Trump now, and our only obligation now is to vote wisely. Not only for the sake of the present, but most especially how they will change and improve the future.