In the United States local time on July 13th afternoon, the United States election candidate Donald Trump in the outdoor speech suffered a gunshot, fortunately, he was only slightly bruised ear, on-site reporters photographed the bullet flew through and was about to hit him at the moment, the historic image of the unstoppable candidate’s bleeding face under a flying U.S. flag, waving his fists at voters and shouting “fight” three times, was recorded, and the crowd was so energized that Donald Trump’s electoral popularity is expected to be at its peak once again.
This sudden act of violence had a strong impact on American voters, solidifying the support for Donald Trump among many. As the “Bitcoin President,” Trump’s attack and his resilient response injected excitement into the cryptocurrency market. Within hours of the news of the shooting, Bitcoin, which had been hovering at the low end of the cryptocurrency price spectrum, finally rose by more than 3 pips to reach the important $60,000 mark.
According to industry experts, the cryptocurrency market is highly emotional and reactive. With the current low prices, Bitcoin was merely waiting for an opportunity to rise. For now, the big money players in Bitcoin are likely waiting for the sell-off of Bitcoin by the German government and Mt. Gox creditors to end before they look to go long on Bitcoin. But the shooting has accelerated the rebound of Bitcoin’s market, and while the attack on Donald Trump has accomplished Donald Trump’s personal prestige, it has favored Bitcoin, which he has been loudly supporting lately, and on the other hand, it has triggered a risk-averse sentiment among many investors willing to diversify more money into cryptocurrency investments like Bitcoin and Bitcoin ETFs.
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Finally, SC MINER would like to remind everyone that all investments carry risks, so decisions should be made cautiously.
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