The Bitcoin Trump Pump
Fundamental announcements
Bitcoin has popped its head above 64k, pulling off a 6.5% gain in a single day and crossing the 200-day moving average. The last time this happened, Bitcoin saw a 170% increase. Several fundamental announcements happened:
🔹 Trump picked a Bitcoiner as his VP.
Senator JD Vance disclosed owning $100k-$250k in Bitcoin in 2021.
🔹Ethereum ETFs are set to launch next Tuesday, which is an important milestone for crypto.
So far, 2024 has seen great changes for Bitcoin. So what else could we expect? (Speculation)
- New major market entrants
- China softening its crypto policy or introducing an ETF
- Other major nation-state moves towards embracing Bitcoin
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Written by Timothy Assi, a popular investor on eToro. Follow & copy my portfolio:
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