Topic: Trump isn’t the only ‘story’ driving Bitcoin’s price higher, says exec - page 2. (Read 810 times)

Harris won't have win the the election, because since the record of u.s female has never role u.s and many people will not accept such, secondly Kamala Harris abuse Christians during her campaign o think that should be another thing that made lost against Donald trump, because many did not like her method of speech during the campaign, for Donald Trump, embraced the youth and also agreed to facilitate everything that will bring developments in u.s and also things that will give youths joy, so president trump knows the problems of  the people already.

I would assume that people all around the world already said that this wasn't the reason for a while, this is why nobody aside from trump fans believe that it was trump that made this happen. I understand that trump fans think that just because trump is pro-crypto that means the increase is because of him, but the reality is that everyone already said before the election that the price will go up after the election.

Just think about it, it's us who are buying, did he take power and do anything about crypto? Of course not, he is not the president yet, so we can definitely say that it's just us, you and me, and everyone else here, and we can't really contribute our own success to someone else. Why not take credit for yourself? I bought some bitcoin, sure small, but I did, and many people like me did, and we made it go up and that is why we can't really consider this situation all because of trump when we know that we contributed to it more than he did.

I likely agree with you, when we talk about the major factor at which the price of Bitcoin began it's movement then we can't exempt Trump win or put him in the second position. Trump's win or not we are definitely going to reach a significant all time high but to be honest enough i wrongly want to accept it would happen this sudden and in bit of a time we already have acquired a decent price over what we speculated and still having lots of time to spare on hitting further price mark. With the kind influence from Trump we are not far from hitting the most ATH of $150K, coming next year when he finally emerges on power.

Bitcoin 100k price have long been expected remember the last time Bitcoin did around 65k all time high about a year or two ago, and at that time many Bitcoin speculators were heading towards a 100k Bitcoin price and for sure it was caught short but this time, Bitcoin have the chance to reach 100k haven't broken several all time high prices within 80k-90k+ in the last few days, and very possible that Bitcoin be making the 100k all time high price pretty soon.


For Bitcoin two things have made it mainstream price spike this season which are.
1: post Bitcoin halvens.
2: Trump Bitcoin friendly campaign and victory as US president.

They decide not to give him the credit because many people do not like the fact that Donald Trump won. Even through he was supporting cryptocurrency, they wanted a woman president to win and not someone that has alot of negative images surrounding him, they also do not want to give him the credit because it will now look like Bitcoin needs someone to increase in price. I have always said that regardless of who won, in the long run Bitcoin would had still gotten a new highest price but because of the influence of Donald Trump and him not being against the cryptocurrency industry, we will begin to see better prices than what we had in mind that was going to happen. It is very bullish for the president of USA to be pro Bitcoin and not anti Bitcoin.

That is true, we would have seen nothing change but we can't see that unfortunately. In any case, does it really matter at all? I mean think about it we are increasing and we are doing fine, we peaked up to 98k and we are seeing bitcoin be pumped and it's not even over yet, we are going to end up seeing even more on the long run. That is why we shouldn't really be worried about what's the main reason behind this, if people want to believe that all because of Trump then let them believe about it because it's Trump.

At the end of the day, the only thing that matters is the price going up and if the price is going up then we are going to end up getting a good return eventually. So, this isn't really an important part of the discussion, we are increasing and "why" that happens makes no difference at all. We will keep increasing as well, we have months of bull run ahead of us and investing right now is still very profitable even after this much increase.

The post-halving hasn’t directly caused a sudden price spike, but that doesn’t mean it’s all because of Trump either. We should remember there are still many contributing factors. In fact, the current trading volume is unusually high compared to what we’ve seen in the past, which means something different is happening. Another factor could be the holiday season coming up; we’ve seen it impact bitcoin prices in previous years.

For now, it’s tough to pinpoint the exact reason, but in my view, Trump’s victory could mark the beginning of a major shift in Bitcoin’s trend.

Despite the surge, we haven’t hit $100k yet—but yes, there’s still room for more!

I think I agree with your crystal ball scenario

I personally think if Trump had not made comments about adding Bitcoin to the Government holdings
the market would not be at $98k on the 21st of November 2024?

Personally I believe there is a deal of FOMO happening ATM, Saylor is FOMO'ing for sure and possibly
other buyers and first time serious buyers are buying to get ahead of the impact the US buying in
in 2025 is going to have. [if it happens at all??]

As always there are many or at least a few factors affecting the market ATM, and all acting to pump to $98k.

Supply
$100,000 target
FOMO
Trump

you can't take out the place of an inductive reasoning from a scenario where news, a whales entry into the bitcoin space, wars and  buys and sell all contribute to driving bitcoin price high or low. the four year cycle is a thing but as much as that is a consideration for bitcoin getting higher, we can't also rule out the effect of trumps victory from the bull we are experiencing.

even though in the build up to this bull, we had anticipated to see bitcoin going up before the end of the year after the bitcoin halving took place and somehow, it could be part of the reason for the current bitcoin price increase, what's more known at the moment as the primary cause is the effect of trumps victory. when bitcoin spot ETF was the reason for bitcoin bull, it was not about the halving or the four year cycle and now that all pointer shows that this is a trump effect, it's not wrong if analyst always mention trump when discussion about bitcoin price increase is being talked about.

I think you misinterpreted my post. I was referring to the short term price spike in November.

For example, the final push through the March 2024 high of 73.6k came just during the night of the US election, when the results got better and better for Trump. It's almost impossible that this was a coincidence.

It is possible that we could have seen also a push towards this ATH in November due to expectations related to the "Q4 pump" we saw during years like 2016, 2017, 2021 and 2023 or the "post-halving pump" from 2016 and 2020, but imo it would have very likely been slower. The 73k resistance would have probably held some weeks more. It is also possible that the price would have taken more time to reach the 65-70k level in October without Trump's pro-crypto rhetoric in combination with the positive tendency for him in opinion polls and on Polymarket in October.

For me it's like you wrote: "his win might have fast-tracked things a bit". My own alternative history crystal ball is that BTC would be fighting with the ATH and perhaps be at 75-78k if Harris won, and price level could have stood even a bit lower (60-65k area, maybe) if there was no election at all because the fact that crypto was mentioned by both candidates' campaigns (although of course much more by Trump's) is quite a novelty and an interesting step towards acceptance of crypto by the political sphere.

For over a year now, people have speculated about the price of Bitcoin based on its halving. Many people have predicted over $100k, while some believed we would see a new ATH but not up to $100k. Some even said it would get to $200k. All these predictions happened even before Trump started his campaign, so now, why does it seem like the price of Bitcoin is something that would never have happened without Trump's win?
I understand that his win might have fast-tracked things a bit, but it would have still happened with or without the win.

trump's effect did a lot to improve the sentiment though, people were hesitant to long BTC before, despite obvious pattern that BTC is making literally reversal when it's about to hit descending channel pattern, then US election comes in and suddenly people become so bullish, I won't discredit both factor, but we can say that both factor plays a big role in helping BTC make this milestone.
not everyday you see BTC just keep going up creating new ATH for many times and the buy pressure is still strong.
people are definitely optimistic toward BTC these days seeing the price action alone.

That is true and people will always try to find a reason why the price went up, they would say anything they could without admitting that bitcoin could go up without a specific reason. I mean the reality is that bitcoin goes up because it does that every 4 years and that's the reason, there isn't really a need for anything else. We don't need ETF's, we do not need Elon, we do not need Kamala, none of those could happened and we would still be high, the price could change but the momentum wouldn't.

Sure, maybe we would be less than 93k at all time high, or maybe we would have been higher, I don't really know but that doesn't mean that we are going to end up with a greater change on momentum, it would have been still up and that is how you are going to get better. If people keep thinking that we are going to increase then we are going to see a greater results since people who believe that will end up thinking how great they could do and buy, and when they buy, the price goes up.

I remember the halving that happened four years ago, many people speculated that Elon Musk was the mastermind behind the increase in the price of Bitcoin and also Doge, although that is true but not all of it is the result of the current surge in Bitcoin from Elon's actions, Doge could be but not for Bitcoin, I think this story is almost the same, almost the whole world is speculating on the current surge in Bitcoin being caused or Trump's victory, actually if you look closely and study it in detail, Trump hasn't done anything, just talked publicly about crypto.

In essence, anyone who speculates about the current price of Bitcoin and Trump, if they speculate that Trump is not the cause, I agree, Generally Americans are jumping into the world of crypto, they are driving up the current price of Bitcoin with massive purchases taking place in the US, Trump is a promoter of belief, not the main role.

Yes, both could be possible reasons why bitcoin price is very bullish at the moment. However, we could not also ignore other key factors that have unlocked the bullish season for bitcoin. First is, the increasing institutional adoption for bitcoin. Companies like Tesla, MicroStrategy and Grayscale have been added to the major institutions that have decided to adopt bitcoin. And because of this, it boosted public awareness that eventually convinced the people to trust and invest in bitcoin.

Next is, the favorable regulatory developments for bitcoin. Most especially that Trump is on our side now, it won’t be surprising anymore that there will be more promotion and development for bitcoin in the next years ahead.

Or if we look at the big picture, the US stock market. Before the election, according to some surveys, the stock market also expected Trump to win because they also believed that he would bring more good things to the market. As a result, not only Bitcoin but the entire US stock market such as the S&P 500 and Dow Jones rose following the news of Trump's victory. It is clear that Trump's victory has had a positive impact on the entire stock market, not just bitcoin. So I also believe that the recent surge in Bitcoin price has more to do with Trump's victory than the impact of the halving.

Traders buy AND sell. Miners only sell. Buying and selling the same bitcoin increases the volume but doesn't increase demand.

The post-halving effect on the price of Bitcoin is small.
The Trump winning had the most effect towards the price of Bitcoin right now.

Both had the effects - particularly positive effects, but Trump winning the US election had the most effect to where the price of Bitcoin is right now. I think we already knew that Trump's winning will be a catalyst towards the bull run and the price of Bitcoin going up massively, and that's what we saw a few weeks after the election. If Harris won the election, I believe the effect would be positive towards Bitcoin. The sentiments of the investors heavily affect the price of cryptocurrencies, and if she won, the sentiment will be negative thus, prices of all coins including Bitcoin will go down temporarily.

TBH, Trump's winning is what I think will be the only catalyst towards the bull market and it's good that he won. Just imagine many are expecting for the bull run to happen, but because Harris won, it didn't happen. We could've seen the price of Bitcoin at the $60,000 range right now.

Agreed! However, we can observe and we can certainly say that the Donald Trump's victory on the election was the biggest cause of the present pump after the halving. There will be many people who hate Trump who will say that this pump is not because of the optimism of him being the next president has brought to the cryptospace. The super woke pink hair democrats in the forum can reject it if that is their decision, but this is certainly the Trump pump

Rather than post-halving, wouldn't it just be the result of the market going so high that sellers who wanted to sell couldn't sell because, well, the market continued going up? This also introduced a lot of other investors who wanted to enter the market immediately since the market was pumping. So it's kind of like the action before pushing another narrative to push the market. I guess you could still reason it's the election though since it's still the leading cause, but definitely think the halving doesn't have that much of a power now compared to the past. Or even if it had, we'd usually see it by next year instead no?

And no, if Kamala won I reckon we'd just see the same market we've seen for the past couple of months.