Biden out Bull run in???

[buwaytress]

Yes, I do love me some "hug boost". Honestly don't know anything about Trump, other than he has to win this now but have a feeling even if he doesn't do squat for Bitcoin, the pricing in and expectation of it will actually buoy Bitcoin for a bit.

What a funny reason to correlate with Bitcoin price, Biden out, Trump dead, Elon Musk in, Xi Jinping takeover US etc. Bitcoin price is depend on supply and demand, not from someone else including a president.

And yet for some reason demand will go through the roof if everyone's best friend and their mom believes Trump can be good for Bitcoin (price). Funny, agree, but logic doesn't usually apply uniformly in Bitcoin, I find.

[EL MOHA]

Biden and Trump may create an effect to bitcoin but I don’t think the whole pump of bitcoin these days are only attributed to Biden or Trump, but it’s probably the right time for bitcoin price to skyrocket again after its price has dumped few days ago. Let’s just say when its demand, adoption and its market sentiments are doing in favor of the market, the whole price of bitcoin will certainly be moving upward, not the other way around.

Yea there is no denying the fact bitcoin it self stands strong against any manipulation, so no individual can actually manipulate bitcoin, what impacts the market price of bitcoin is just the demand and it’s supply, bitcoin is a very great asset that we all know will get better in terms of demand and over a long period of time price will grow that’s why the plan is always to invest in it for a very long term, it’s just pure economics.

But we all know that there are events that are catalysts to the demand or supply of bitcoin, a strong example is the halving which it’s period is usually a time of high demand for bitcoin. Other than that there are other catalyst again mostly propagated by news outlet, example is the sells of bitcoin by the Germans which Incited a FUD and later went to create a large supply and a dip occured.

In my opinion the US election definitely has its own ability to cause create a supply or demand catalyst, even though it is not that huge but it is already in play. Trump takes side with bitcoin anything positive from him will cause s short term demand, Same a positive news from Biden side will be negative on the bitcoin side. I wouldn’t say Biden out will cause a bull run, but anything related to trump winning now will usually causes demands

[virasog]

Biden sudden move to abandon the 2024 presidential race could be a "hug boost" for cryptocurrencies and other assets said the crypto analyst predicted.

This may be one of the factors along with many others due to we will see another bull market. But it is not like that if Biden had not abandoned the presidential race or even if trump did not win the upcoming elections, we will have no bull run. Regardless of these political developments, we are due to see the Bitcoin bull market and the major reason is the halving and the four year Bitcoin cycle.

Also in the previous years, in the previous bull markets, we got the bull seasons and there were no positive sentiments from the USA or any other governments. I will just take this as a positive event for the market.

[AprilioMP]

Also in the previous years, in the previous bull markets, we got the bull seasons and there were no positive sentiments from the USA or any other governments. I will just take this as a positive event for the market.

Well, this is what I mean. The increase factor can occur due to several causes. Not only because the candidates who are fighting won the election by raising positive issues regarding Bitcoin. It's funny to me if because of them prices will increase even though there is an effect that makes prices increase because of them.
If there is a lot of demand, perhaps if we refer to the law of supply and demand, without political factors the price will still increase.

[Natalim]

Biden sudden move to abandon the 2024 presidential race could be a "hug boost" for cryptocurrencies and other assets said the crypto analyst predicted.

This may be one of the factors along with many others due to we will see another bull market. But it is not like that if Biden had not abandoned the presidential race or even if trump did not win the upcoming elections, we will have no bull run. Regardless of these political developments, we are due to see the Bitcoin bull market and the major reason is the halving and the four year Bitcoin cycle.

Also in the previous years, in the previous bull markets, we got the bull seasons and there were no positive sentiments from the USA or any other governments. I will just take this as a positive event for the market.

You’re right. Bitcoin bull run is inevitable, no matter how these news affecting the market positively or negatively. It’s just that Biden’s decision to abandon the presidential race is just in time with bitcoin price pump, or even if we say that’s considered a hug boost for crypto particularly bitcoin, still that news alone could never be reliable enough for the price surge that is currently happening. But I’m glad that Biden’s out contribute to the market in a positive way.

[STT]

Im not sure that is the reason but there is a good chance of a bull run while we remain above the weekly moving average.   We have also maintained the peak prices of mid July as the current low at the same time which is bullish.

200 day moving average is rising so long term bullish but the 50 day is in flat and back into a slight decline which should give some notice for caution in the amount we can move here.   Ideally the price action is best performing with a rising 50DMA.

[Rabata]

Biden sudden move to abandon the 2024 presidential race could be a "hug boost" for cryptocurrencies and other assets said the crypto analyst predicted.

It is not very logical to expect bullish market movement around an election. However, bullish movement can start in the crypto market for any reason. Any such outcome may cause a temporary bullish movement in the market but does not create reliable confidence. Everyone probably remembers Trump's opposition to crypto when he first came to power, and many chose Biden for his opposition. At any time that their personal opinion may change. Politicians speech or their policy changes can not bring any bullish trend in the market. Recently, Trump has expressed his support for Bitcoin, so if he wins, it can definitely have a positive impact on the market.

[salad daging]

Yes, because Trump is pro-bitcoin, there will be many new theories that bitcoin will bullrun after Biden drops out of the race, but we already know that this will not happen.

It is true that US politics affects the bitcoin market because some of the most bitcoin user regulations are in the United States so with any decision later from the winner then this will be a little spike, all his supporters will be happy.

After all, we have entered the cycle so it is certain that bitcoin will go up even if there is no political event because the history of bitcoin is like that every cycle that goes through then it will be a new record, so with the political push that continues to make positive news then it will push earlier maybe.

[Ojima-ojo]

Biden sudden move to abandon the 2024 presidential race could be a "hug boost" for cryptocurrencies and other assets said the crypto analyst predicted.

Even if Joe Biden is not out of the United States presidential race, bitcoin will still later increase because it is likely that Donald Trump would be the next president of the United States even if Joe Biden contestant in the presidential race. Joe Biden party might probably have seen that Joe Biden might lose and making new strategies to make sure that Donald Trump will not win. If Donald Trump won, I think the market would be bullish that day. But regardless of this, be it anyone that wins, bitcoin is still an asset with increasing value.

Most times, I try as much as possible not to get involved with political issues and speculations, but when it comes to bitcoin and how it market react to news and political issues, I believe that no political candidates have the power to influence the promise of bitcoin, no matter how firendly they are towards bitcoin.


Trump or Joe Biden, none have the power to influence the price of bitcoin Because being a united states president gives the president power to make policies that concern the United State alone.

[Questat]

Biden sudden move to abandon the 2024 presidential race could be a "hug boost" for cryptocurrencies and other assets said the crypto analyst predicted.

This may be one of the factors along with many others due to we will see another bull market. But it is not like that if Biden had not abandoned the presidential race or even if trump did not win the upcoming elections, we will have no bull run. Regardless of these political developments, we are due to see the Bitcoin bull market and the major reason is the halving and the four year Bitcoin cycle.

Also in the previous years, in the previous bull markets, we got the bull seasons and there were no positive sentiments from the USA or any other governments. I will just take this as a positive event for the market.

Bull run is already bound to happen, but without these positive news around, it could come late probably unlike if there are news like this that will hit the market instantly, we might end up seeing bitcoin’s bull run earlier that what we expect it to happen. But the important thing is, it will certainly happen even without fixed time.

[Kemarit]

Biden sudden move to abandon the 2024 presidential race could be a "hug boost" for cryptocurrencies and other assets said the crypto analyst predicted.

Even if Joe Biden is not out of the United States presidential race, bitcoin will still later increase because it is likely that Donald Trump would be the next president of the United States even if Joe Biden contestant in the presidential race. Joe Biden party might probably have seen that Joe Biden might lose and making new strategies to make sure that Donald Trump will not win. If Donald Trump won, I think the market would be bullish that day. But regardless of this, be it anyone that wins, bitcoin is still an asset with increasing value.

Most times, I try as much as possible not to get involved with political issues and speculations, but when it comes to bitcoin and how it market react to news and political issues, I believe that no political candidates have the power to influence the promise of bitcoin, no matter how firendly they are towards bitcoin.


Trump or Joe Biden, none have the power to influence the price of bitcoin Because being a united states president gives the president power to make policies that concern the United State alone.

What makes it a good sign though is Trump winning the election as he is a pro-crypto as opposed to Biden and Kamala Harris party stance on it. As if they are trying to curtail the technology with taxes and all that stuff. But yeah, who knows, maybe Trump being the re-elected will push the price to higher grounds much faster that we expected.

As he could hire pro-crypto amongst his rank to bolster Bitcoin in the US. Maybe there will be no tax on those mining Bitcoin and there could be pro crypto laws. So he could be what we call the catalyst in this bull run to see the price hitting at least 6 digits next year if he is inaugurated formally as the next US President next year January. So exciting times ahead to be crypto enthusiast in the US.

[Out of mind]

I can see a huge fall in cryptocurrency due to Biden's resignation. Especially starting from Bitcoin and other currencies, the price has decreased a lot. But before Biden resigned, the value of each coin was rising well, and we saw the price of Bitcoin enter $68k. However, after the announcement of Biden's resignation, the market rose slightly but later dumped. However, I think the Bitcoin price will rise again, but now that Biden has resigned, the market may be dumping a bit for a while. Bitcoin price is currently at $64k, and it will be pumping very soon and the Bitcoin bull run is coming soon.

[Yaunfitda]

I can see a huge fall in cryptocurrency due to Biden's resignation. Especially starting from Bitcoin and other currencies, the price has decreased a lot. But before Biden resigned, the value of each coin was rising well, and we saw the price of Bitcoin enter $68k. However, after the announcement of Biden's resignation, the market rose slightly but later dumped. However, I think the Bitcoin price will rise again, but now that Biden has resigned, the market may be dumping a bit for a while. Bitcoin price is currently at $64k, and it will be pumping very soon and the Bitcoin bull run is coming soon.

Perhaps the fall has nothing to do with Biden pulling out of the race or Kamala Harris being nominated. But recently we have seen news about Mt. Gox and I think this is the main reason why the price suddenly goes down to $64k. The real influence here is that when Trump is re-elected as the next US President. It could be the biggest news that will fuel this bull run. So we will have to wait, we need to get over the Mt. Gox repayment system first and so we can step it aside once and for all as it is being the bane of the market ever since. Or the news of the dive has something to do with the tech dive as well in the US. As we all know, there could be effects on tech stocks to crypto market or at least there is some sort of relation.

[arwin100]

I can see a huge fall in cryptocurrency due to Biden's resignation. Especially starting from Bitcoin and other currencies, the price has decreased a lot. But before Biden resigned, the value of each coin was rising well, and we saw the price of Bitcoin enter $68k. However, after the announcement of Biden's resignation, the market rose slightly but later dumped. However, I think the Bitcoin price will rise again, but now that Biden has resigned, the market may be dumping a bit for a while. Bitcoin price is currently at $64k, and it will be pumping very soon and the Bitcoin bull run is coming soon.

I actually don't see the point on why Bitcoin price fall when Biden step down? While the fact that person is anti bitcoin or crypto. There should be a good news will came after he decide to end up his candidacy but nothing happen.

Its just natural movement of bitcoin and people just correlate that event to the fall of bitcoin. I always see that crazy assumption when there's a fall happening then they link that event to certain influential peoples decision. While the fact the all people could able to move the market if majority will decide to sell or buy. But doesn't do anything to the price of bitcoin since we can still see that everything is fine with this coin.

[davis196]

The news about Biden getting out of the elections was pretty much expected. Nobody wants a demented old man as a president.
Such news cannot trigger a massive bull run on the crypto markets. Another Democratic candidate(Harris or someone else) has bigger chances of winning against Trump. The Democrats are generally more anti-crypto than the Republicans, however this might change in the future.
There are no signs of a new bull run coming right now. The BTC price recovered from 54K to 67K in a short time frame, but today, the price is dropping down to 64K and it might go back below sixty thousand dollar in the next week. This is just price volatility, there's no FOMO phase. There aren't any super positive bullish news coming from anywhere. I don't know why so many crypto noobs got so excited about the price recovery. A price recovery is not a bull run.

[Viscore]

Also in the previous years, in the previous bull markets, we got the bull seasons and there were no positive sentiments from the USA or any other governments. I will just take this as a positive event for the market.

Well, this is what I mean. The increase factor can occur due to several causes. Not only because the candidates who are fighting won the election by raising positive issues regarding Bitcoin. It's funny to me if because of them prices will increase even though there is an effect that makes prices increase because of them.
If there is a lot of demand, perhaps if we refer to the law of supply and demand, without political factors the price will still increase.

I think even without this Trump and Biden issue, the bitcoin price still aims to move upward and later on creates new bull run. Bitcoin, despite all its price dumps and market crash, will never settle to a lower value but will certainly recover until it hits its new all time high. So even without Biden abandoning the presidential election, still bitcoin will turn bullish in time, the market just need the perfect time to make it happen.

[Lidger]

Due to age, Joe Biden withdrew from the upcoming American presidential election, that is why Donald Trump has a high chance of winning the presidential election in the next election. Many people think that if Donald Trump is appointed as the American president, the market of all other digital currencies, including Bitcoin, will be much better, and now many people are saying that if Joe Biden steps down, the crypto market will definitely improve. But we've all seen what happened this year, which is when Bitcoin hit its all-time high and it happened while Joe Biden was president. So it seems to me that the market depends not so much on who the president is, but on how reliably investors invest.

[justdimin]

What a funny reason to correlate with Bitcoin price, Biden out, Trump dead, Elon Musk in, Xi Jinping takeover US etc. Bitcoin price is depend on supply and demand, not from someone else including a president.

And yet for some reason demand will go through the roof if everyone's best friend and their mom believes Trump can be good for Bitcoin (price). Funny, agree, but logic doesn't usually apply uniformly in Bitcoin, I find.

If "everyone" believes that, yes that would work, but only USA republicans would believe that, which is a small amount and I do not think that they are that rich enough to change the price. Maybe a daily change, like the day he wins maybe there could be something, because it's USA elections and the day of it could be news, but that's about it, after that for 4 years when he is in charge, it won't matter.

By logic, when we had 2017 increase, Trump was president, he was from 2016 to 2020, so he had a bull run, which some people thought Trump was good for bitcoin as well, and used that as argument. But then in 2020 Biden won, and in 2021 we had another peak, which shows that it is not about who the president is, and it is about cycles bitcoin has.

[stadus]

What a funny reason to correlate with Bitcoin price, Biden out, Trump dead, Elon Musk in, Xi Jinping takeover US etc. Bitcoin price is depend on supply and demand, not from someone else including a president.

And yet for some reason demand will go through the roof if everyone's best friend and their mom believes Trump can be good for Bitcoin (price). Funny, agree, but logic doesn't usually apply uniformly in Bitcoin, I find.

If "everyone" believes that, yes that would work, but only USA republicans would believe that, which is a small amount and I do not think that they are that rich enough to change the price. Maybe a daily change, like the day he wins maybe there could be something, because it's USA elections and the day of it could be news, but that's about it, after that for 4 years when he is in charge, it won't matter.

By logic, when we had 2017 increase, Trump was president, he was from 2016 to 2020, so he had a bull run, which some people thought Trump was good for bitcoin as well, and used that as argument. But then in 2020 Biden won, and in 2021 we had another peak, which shows that it is not about who the president is, and it is about cycles bitcoin has.

These proves that such important news will have an effect to bitcoin price but only on a small scale, and it’s not that it will be the one to determine whether there’s bull run or not, or we will see a bull run earlier than how it’s expected to come. Bitcoin is decentralized, so there’s no individual or any group entity that will carry out its price, but most likely its own supply and demand.

For now, it seems that the demand for bitcoin is high which means there’s a possibility for price increase, and with this Biden out, bull run in, probably it’s more of a coincidence without reliable basis.

[STT]

I dont think that'd be enough news, politics is its own deal however today I read Trump is making a big play.  This is a reversal of his former hard money stance all for the dollar: https://us.cnn.com/2024/07/27/politics/donald-trump-bitcoin-cryptocurrency/index.html

I dont buy his reversal exactly because Dollar is what government throws out to pay its bills so ultimately that's what they look after.   Bitcoin does make sense for a country able to develop technologically and USA can do that but not quite sure he gets that especially.   He got so many court cases against him he has to be the most motivated man to assume office ever & the immunity, theres ever been.   But everyone is politics throws lines they think will hook some voters, its a compliment I guess.