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Trump, Harris suddenly release heavyweight news, bitcoin soared to 0.0663 million gold 2648 encountered the Federal Reserve "hawks" blocking the way.
On Tuesday (October 15), the usd index maintained its bullish trend at 103.19, while gold fell to the $2648 level. Fed officials took a hawkish stance in unison, and the impact of strong employment and Consumer Price Index (CPI) has led to a reduction in the number of rate cuts, which has already been reflected in prices.
Bitcoin Lifted by Bets on Clearer US Crypto Rules After Election
Bitcoin breaks through $66,000! Harris promises to support the regulatory framework for digital currency.
USA presidential candidate and current Vice President Harris has pledged to support the regulatory framework for digital currencies, boosting the trend of digital currencies on Monday. In addition, the bankrupt Mt. Gox crypto exchange postponed the deadline for repaying the remaining assets to creditors by one year last week, alleviating concerns of oversupply that may arise from creditors selling back Bitcoin. Bitcoin and Ether both surged at least 6%.
Cryptocurrencies Price Prediction: XRP, Bitcoin & Cryptos – American Wrap 14 October
Bitcoin Nears $65K Barrier: Can BTC Break Through This Week?
Memecoins Stumble as BTC Breaks $64K : Is This the End of the Supercycle?
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TechWhiz : Your arguments apply to gold in the early days too. Gold had industrial use, btc has financial transaction use.
Why gold and not other metals? The market decided on it as a store of value thru time. Now as tech improves , the market of new, tech savvy investors are deciding that btc is or will be the digital gold.
No 2 ways about it. The market decides. Maybe this new generation of investors love rat poison? So be it.
Ask Blackrock.
David Lee cm OP TechWhiz : Gold was a status symbol in the past, owning bitcoin is not a status symbol. Money launderers, smugglers, crime syndicates used bitcoin as transactions, who wants to be associated with these guys.
TechWhiz David Lee cm OP : Once btc crosses 100k or even 1m, you will wish you have this status symbol. Every revolutionary thing takes time to develop.
The bad actors are always there... in stocks, currency, real estates, etc. Owning these assets does not mean you are one of them. Does Michael Saylor look like a criminal? is Blackrock not respectable? Don't worry about these bad actors, they will be take care of in time.
Times have changed. you must change with the times or be left behind. It is a pity that people reject disruptive tech due to old beliefs or misunderstanding of what it is.
BTC represents a revolution of our times, just like electricity, the telephone, the internet and now AI.
Next revolutionary thing will likely be Quantum computing . please don't dismiss this too
David Lee cm OP TechWhiz : China has banned bitcoin for the reasons I listed below and it is a threat to central bank policy making. China is developing ai, quantum computing, AR, robotics etc., it is not against new technologies. Neither am I.