Bitcoin and US Politics

[fasttrak]

Have you noticed how interconnected the price of Bitcoin is to US politics since the ETF? Or is it just crypto writers wanting something to write about and get clicks?

Latest little blip is being blamed on Biden potentially being replaced and Trump's likelihood of winning dropping by a few points if they do replace Biden with someone more credible.

If this is the future of Bitcoin pricing, it is falling very much in line with other market influencers at this point in history. I guess it depends on how much coins like Bitcoin, Ethereum and potentially others go into mainstream investment vehicles. The greater the acceptance the more likely they are influenced by national concerns, as investors will put their money where they feel it is safest. Good and bad.

I wonder if/when ETF's are approved in the EU, UK, Hong Kong, Korea, Japan and Australia, we will a) see similar price increases and b) price being effected by country and regional politics.

All I know is that I want more BTC right now.

 

[fasttrak]

Zuckerberg calls Trump baddass after shooting fist pump and Biden office say he is not stepping down. Reported and BTC goes back up.

 

[latneme7e]

There already are low fee BTC ETFs in Germany, Switzerland, but the reality is that US drives most of the volume.

There's no doubt that Bitcoin & the principles behind it are a political issue, I'm excited to see how the public opinion will change as it becomes more mainstream.

 

[Seo_Godfather]

Naturally
US and China are the most powerful economies in the world with a huge advantage compared to other countries
China is kinda off this bitcoin stuff, at least officially
So, the US is the most important actor by far

 

[RussianBroski]

ETF approval in Korea, Japan, Australia, etc would cause a minor pump
I think only the whole EU could provoke something really relevant...the other countries are not so important to the crypto world

 

[fasttrak]

ETF approval in Korea, Japan, Australia, etc would cause a minor pump
I think only the whole EU could provoke something really relevant...the other countries are not so important to the crypto world

I agree that the EU will be the biggest push, but it will be interesting to see what happens when Hong Kong goes live as that is meant to be pretty much a done deal. If they could get Chinese investors going, you have the worlds 2 biggest economies. That could give it a very nice nudge..

 

[bartosimpsonio]

Looking forward to lesser known coins ETF

Lots of opportunities within the top 50

 

[fasttrak]

Looking forward to lesser known coins ETF

Lots of opportunities within the top 50

I was wondering about that, I saw a few mentioned in an article yesterday. Which are you looking at? I assume there are a few reliable options + a couple of riskier punts.

 

[bartosimpsonio]

I was wondering about that, I saw a few mentioned in an article yesterday. Which are you looking at? I assume there are a few reliable options + a couple of riskier punts.

TON, AVAX, LINK, ALGO