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September 10: A Bitcoin Game Changer, Says Hedge Fund Founder

NewsBTC LogoNewsBTC10h ago

September 10: A Bitcoin Game Changer, Says Hedge Fund Founder - NewsBTC

Quick Summary:

While it enhances Trump’s odds of winning the US election, another strong Bitcoin supporter would join the Trump campaign.Kennedy Jr., like Trump, has advocated for substantial government involvement in Bitcoin, proposing that the Treasury Department should purchase 550 Bitcoins daily until it amasses 4 million BTC in reserves.

Related Reading: Bitcoin On Brink Of Massive Breakout Like Gold In 2008: Hedge Fund CEO FalconX, a prominent crypto prime broker, also recently conducted an analysis which scrutinized the correlation between Bitcoin prices and Trump’s electoral odds on Polymarket—a platform for betting on political outcomes.

He emphasized the Democratic National Convention’s perceived shortcomings and an expected endorsement of Trump by Robert F.Kennedy Jr.as pivotal moments that could drive the Bitcoin price.


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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-22 @ 12:30:18 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 511 words

Reading Time: 3 minutes read

Sentences: 69 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22208299

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 8 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 11 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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