Donald Trump Suddenly Sends The Bitcoin Price Sharply Higher—Boosting Ethereum, XRP And
Bitcoin
Bitcoin
The bitcoin price soared to over $69,000, up from recent lows of $53,000 earlier this month—pulling the wider ethereum, XRP
XRP
Trump, who has embraced bitcoin in recent months after making millions from his ethereum-based non-fungible token (NFT) digital trading cards, is due to speak at the Bitcoin 2024 conference at 2pm CT on Saturday.
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Former president Donald Trump is due to speak at the Bitcoin 2024 conference on Saturday, with the … [+]
Hype has been building since Trump was announced as a speaker at the Bitcoin 2024 conference in Nashville, Tennessee, with conference organizer David Bailey saying it will be “the most consequential political event in bitcoin’s history and a defining cultural moment for our society.”
This week, wild rumors have swirled that Trump could announce he’d create a U.S. bitcoin strategic reserve during his speech if re-elected president.
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The bitcoin price has shot higher ahead of Donald Trump’s Bitcoin 2024 conference speech, boosting … [+]
“A Trump presidency, now very likely, will push bitcoin and crypto back to better heights as he is in favor of such digital assets,” Desmond Marshall, managing director at Hong Kong-based investment advisory company Rouge International, said in emailed comments, adding he expects the bitcoin price to end 2024 at $74,000.
“Bitcoin is now a proxy for a Trump victory,” Sean McNulty, director of trading at Arbelos Markets, told Bloomberg.
This article was originally published by a www.forbes.com . Read the Original article here. .
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