There's a heated battle at the moment happening in the USA and it's not just political and it has everything to do with crypto currency. In just 2024 alone we have seen a major shift happening and it's been primarily fueled by heavy push from the wealthy. With all the battling against crypto since it was first released to a radical shift of adoption within a years time it shows us that the money really does talk.

Companies like black rock, fidelity and others which are massive capital holdings have been putting pressure on the government to approve ETFs but in that time the SEC and white house were extremely hostile to anything crypto. No clear regulations, suing people and companies left and right even if they did try to work with them and more. That's now shifted quickly to ok everything goes.

So what is the shift looking like for the rest of the year? You might not be surprised but crypto hangs in the balance in terms of who gets elected this next election come November.

Bitcoin Conference

It's going to be interesting to hear Trump speak at the crypto conference tomorrow. Not only should it be a pro crypto speech but it also seems like it's going to outline how the USA is going to be a HUB for crypto now and also the government will be adding it to its coffers. Honestly if you're against that I think you're mind blowingly dumb because our debt is seriously out of control.

Primarily what could happen is the president names the currency as a Strategic Reserve Asset which ultimately means it's a stock pile of resource that the country can use.

Now it only makes sense to me that would would put such assets into your government which have prevent to be only positive over the years. Just imagine if the USA stock piled bitcoin when it was first coming out or was pro crypto when it was trying to be adopted. It would be a huge powerhouse right now but instead what we got instead as an oppressive white house that kicked out business and drove them into other countries. I mean I knew our government was stupid but the last four years have been over the top stupid.

What I've Said All Along

I don't believe crypto will hit another big bull run and it's most likely going to be the LAST big bull run until governments start to stock pile it. We have seen companies doing this and a few countries and it seems like the USA is a bit slow on the ball here for some reason. Ya know they always trying to control everything instead of being on the bleeding edge lately.

The Price Drop

Now it's not just the USA. In fact German just ran into 50,000 Bitcoin worth roughly 2.7 billion dollars and you know what they did with it all? They dumped it on the market for fiat money and then wonder why they are in trouble lol. If I ran into 50,000 Bitcoin you could bet you're butt I would keep at least 90% of it.

This hard sell off from a government resulted in a price that fell towards $55,000 now this of course was also at the time of Mt. GOX payouts which was an exchange that many people used back in 2014 that was hacked and was thought those funds were gone for good. However we are starting to see repayments.

The Bullish News

Now there's a lot of bullish news coming out and I personally feel like we are going to have a major bull run with Trump or a rather lack luster one with the Democrats.

Now Cathie woods is predicting that by 2030 if things go in this direction that a single bitcoin could be worth anywhere from $283,000 to $1.5 MILLION. That might sound crazy but it's actully not when you start to run some numbers and the crazy inflation the world is seeing.

Bitcoin at just a 1.3 trillion dollar market cap is now worth $66,000 that means at a 5.2 trillion dollar market cap which isn't crazy by any means would put bitcoins value at roughly $264,000. So you can see how just a little pro news and governments holding on to it can add up into a massive thing.

• This article is for entertainment purposes only do your own research before investing and understand the risks.

Posted Using InLeo Alpha