Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?

[keanne_isaac]

https://btcmanager.com/g20-crypto-regulation-decision-boosts-bitcoin-to-two-month-high/
Hi guys what is your views regarding this news seems this is one of the main reason why bitcoin price suddenly goes up and we expect more news next month as ETF  inclusion of btc may tackle in u.s. congress. if this iscanother positve result then bitcoin price msy unstoppable.

[1715550874]

1715550874

[ralph_0608]

https://btcmanager.com/g20-crypto-regulation-decision-boosts-bitcoin-to-two-month-high/
Hi guys what is your views regarding this news seems this is one of the main reason why bitcoin price suddenly goes up and we expect more news next month as ETF  inclusion of btc may tackle in u.s. congress. if this iscanother positve result then bitcoin price msy unstoppable.

I guess this was the main contributor why bitcoin starts to run up as we observe bitcoin earning huge volume two days prior the G20 summit and it continue to grow until now hopefully 8.5k$ would be hit in just a day since it is traded now at 8.2k$.

[BrewMaster]

the main reason for this rise in my opinion is the fact that a lot of investors have been waiting for any kind of signal to get in. the drops and the staying at the bottom (aka $6k) which lasted a couple of  weeks meant that many started getting nervous about investing in bitcoin. many investors were still having doubts and the rise removed all those doubts.

now that they are bringing their money back in the market the price is rising like this as their deposits from banks confirm.

of course there is ETF hype but it is icing on the cake.

[stompix]

Probably nothing more than speculation, there was no decision on regulation taken

This is the text referring to cryptos from the G20
https://g20.org/sites/default/files/media/communique-_fmcbg_july.pdf

Technological innovations, including those underlying crypto—assets, can deliver significant
benefits to the financial system and the broader economy. Crypto—assets do, however, raise issues
with respect to consumer and investor protection, market integrity, tax evasion, money laundering
and terrorist financing. Crypto-assets lack the key attributes of sovereign currencies. While crypto-
assets do not at this point pose a global financial stability risk, we remain vigilant. We welcome
updates provided by the F88 and the SSBs and look forward to their further work to monitor the
potential risks of crypto—assets, and to assess multilateral responses as needed. We reiterate our
March commitments related to the implementation of the FATF standards and we ask the FATF
to clarity in October 20l8 how its standards apply to crypto—assets

A wall of text that says basically nothing other that we are looking into it...
The bull run began weeks before, I doubt that this meeting (there are 4 each year) is responsible for it.

[TravelMug]

https://btcmanager.com/g20-crypto-regulation-decision-boosts-bitcoin-to-two-month-high/
Hi guys what is your views regarding this news seems this is one of the main reason why bitcoin price suddenly goes up and we expect more news next month as ETF  inclusion of btc may tackle in u.s. congress. if this iscanother positve result then bitcoin price msy unstoppable.

Their initial meeting ended up in a positive way and now the day has come for the final verdict and I hope that it will be very favorable to us based on their first meeting months ago. So yeah probably the meeting has trigger the interest of investors again plus the ETF of course. So its really exciting that a reversal is already on the horizon and finally can breathe a sigh of relief.

[dothebeats]

I don't think so. Most people are banking on G20 summits but in all honestly, there were only talks but no formal advancement towards the state of cryptocurrencies and its regulations. Also, the movement happened way before the G20 summit started, and it seems obvious that this will not cause any major effect on the prices seeing how the previous G20 summits didn't do anything to bitcoin's state. What happened was purely speculation, traders trying to create some form of signal in order to start a bullish movement.

[drm]

https://btcmanager.com/g20-crypto-regulation-decision-boosts-bitcoin-to-two-month-high/
Hi guys what is your views regarding this news seems this is one of the main reason why bitcoin price suddenly goes up and we expect more news next month as ETF  inclusion of btc may tackle in u.s. congress. if this iscanother positve result then bitcoin price msy unstoppable.

I guess this was the main contributor why bitcoin starts to run up as we observe bitcoin earning huge volume two days prior the G20 summit and it continue to grow until now hopefully 8.5k$ would be hit in just a day since it is traded now at 8.2k$.

I don't think so, just a coincidence.

[davis196]

There wasn`t any news in my country about the G20 meeting in Buenos Aires.
The governments of the G20 countries should do 2 big reforms.
1.Create a worldwide crypto regulation,that will replace all the national regulations regarding cryptocurrency trading.
2.India and China should remove their crypto ban.
Those two reforms will easily boost bitcoin up to 20K.

[ordeath]

https://btcmanager.com/g20-crypto-regulation-decision-boosts-bitcoin-to-two-month-high/
Hi guys what is your views regarding this news seems this is one of the main reason why bitcoin price suddenly goes up and we expect more news next month as ETF  inclusion of btc may tackle in u.s. congress. if this iscanother positve result then bitcoin price msy unstoppable.

I don't actually know what are those decisions that they made there, but something triggers bitcoin to grow from that time and now we have him more than $8000 already, it cannot be not a joyful news.

[keanne_isaac]

I don't think so. Most people are banking on G20 summits but in all honestly, there were only talks but no formal advancement towards the state of cryptocurrencies and its regulations. Also, the movement happened way before the G20 summit started, and it seems obvious that this will not cause any major effect on the prices seeing how the previous G20 summits didn't do anything to bitcoin's state. What happened was purely speculation, traders trying to create some form of signal in order to start a bullish movement.

Though there are no formal and concrete statement with regard to crypto currency issue but i guess the statement from the G20 members which says crypto currency is not a threat or may cause financial crisis is already a good indication that there is a bright future for crypto currency ahead.

[pooya87]

what i think is that the rise started like it always does after we hit the bottom and the investors start coming back in after the bear market ends, And then people started trying to come up with reasons to explain the rise for themselves. not to mention that as stompix pointed out above, this wasn't even a major thing about bitcoin. their meeting wasn't particularly positive or negative.

[TepungBeras]

I also feel that the meeting is a trigger for the rise in bitcoin prices, and if I often do meetings like that I think bitcoin prices will increase consistently.

[Privatoria]

Declaration concerning cryptocurrencies adopted at the summit doesn’t have negative signals that’s why bullish trend wasn’t stopped and conversely intensified.

[Aleshia696]

I never saw bitcoin on a stuck position. It’s rising day by day. There are many reason beyond this. And this is one of them. In further if bitcoin EFT approved by SEC then it will be more effective for bitcoin.

[gobingo]

it could happen, and with the meeting it makes the price soar and it is great for the continuity of bitcoin prices in the future.

[talkbitcoin]

if price went up with every little news that comes out then bitcoin price should have been at $10 trillion already! because there are lots of news coming out specially during the drop there has been lots of them. and meetings like this aren't going to determine bitcoin price in first place.

[pimondcrypto]

I think the meeting has ended positively, which will open the new potential for Bitcoin. Investors started investing their resources. Bitcoin prices are expected to continue. Bitcoin has increased prices by 2.4% at the same time, which is very positive.

[washing.machine]

At the meeting, G20 nations were also encouraged to further improve communication and policy coordination to maintain macroeconomic and financial stability, while supporting multilateralism in resolving global economic and financial issues.

[voltagecrypto98]

From my point of view most of the people are banking on G20 summit. They only talk about the  progress toward the regulation of cryptocurriency. It happen before G-20 Summit.I think it wll not a cause of result on the price.

[TravisField]

From my perspective i think for G20 summit bitcoins price will rise and it happened all time before this summit was held. That’s why I think investors are the main beneficiary of this summit.