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Bitcoin Price Surges After Trump Speech, Poodlana Breaks $3 Million
The post Bitcoin Price Surges After Trump Speech, Poodlana Breaks $3 Million appeared on BitcoinEthereumNews.com. Bitcoin flirted with $70k over the weekend after Donald Trump announced plans to accumulate BTC reserves if elected president in November. His speech at Bitcoin 2024 in Nashville has galvanized bulls once more, with gains leaking into the wider crypto market. Recipients of this broader bullishness include Poodlana, a new Solana meme coin racking up a viral surge despite still being in presale. The POODL ICO has already raised $3.3 million, with buyers flocking in from across the cryptosphere after an initial breakout in Asian markets. Gradually, then suddenly Bitcoin These words, made popular by Earnest Hemingway—ironically, describing how one goes bankrupt—are used day in, day out by Bitcoiners in an attempt to describe the phenomenon of “hyperbitcoinization”: the process by which the world will shift onto Bitcoin-oriented financial rails. We’ve had 15 years of gradually, but it looks like 2024 could be the year of suddenly. Talk of nation states building Bitcoin reserves to hedge against currency failure was pure pie in the sky, until El Salvador started stacking sats in 2021. Now, though, it feels realer than ever: not one, but two of the three major candidates for US President (RFK Jr. echoed Trump’s plans) want to have BTC on the balance sheet of the most powerful economy in history. Such plans would bring into play a major game theoretic scenario, wherein huge BTC buys force up the Bitcoin price. This would, in theory, induce other nation states to recognize the value of the asset and consider purchases themselves, as an insurance policy against being left behind as the world adopts Bitcoin. This brings into view a very real possibility that, as soon as 2025, the crypto market gets the biggest institutional greenlight it could ever ask for. The result? Hold onto your hats. Poodlana: Future legal tender?…
The post Bitcoin Price Surges After Trump Speech, Poodlana Breaks $3 Million appeared on BitcoinEthereumNews.com.
Bitcoin flirted with $70k over the weekend after Donald Trump announced plans to accumulate BTC reserves if elected president in November. His speech at Bitcoin 2024 in Nashville has galvanized bulls once more, with gains leaking into the wider crypto market. Recipients of this broader bullishness include Poodlana, a new Solana meme coin racking up a viral surge despite still being in presale. The POODL ICO has already raised $3.3 million, with buyers flocking in from across the cryptosphere after an initial breakout in Asian markets. Gradually, then suddenly Bitcoin These words, made popular by Earnest Hemingway—ironically, describing how one goes bankrupt—are used day in, day out by Bitcoiners in an attempt to describe the phenomenon of “hyperbitcoinization”: the process by which the world will shift onto Bitcoin-oriented financial rails. We’ve had 15 years of gradually, but it looks like 2024 could be the year of suddenly. Talk of nation states building Bitcoin reserves to hedge against currency failure was pure pie in the sky, until El Salvador started stacking sats in 2021. Now, though, it feels realer than ever: not one, but two of the three major candidates for US President (RFK Jr. echoed Trump’s plans) want to have BTC on the balance sheet of the most powerful economy in history. Such plans would bring into play a major game theoretic scenario, wherein huge BTC buys force up the Bitcoin price. This would, in theory, induce other nation states to recognize the value of the asset and consider purchases themselves, as an insurance policy against being left behind as the world adopts Bitcoin. This brings into view a very real possibility that, as soon as 2025, the crypto market gets the biggest institutional greenlight it could ever ask for. The result? Hold onto your hats. Poodlana: Future legal tender?…
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