1. The 2024 Bitcoin Conference will soon be underway. Tomorrow the biggest collection of grifters will gather in Nashville for the 2024 Bitcoin conference. Just like in 2022 and 2023, the conference will be a dud and fail to make the price go up, even with Trump speaking.
Given that Bitcoin is crashing again after failing to hold $68k, it’s obvious that no amount of hype or catalysts can make the price go up anymore–whether it’s halving, ETF approvals, or the strong possibility of Trump winning. Where is the money going to come from to buy a single Bitcoin at >$60k? Who is left to buy who doesn’t already own Bitcoin? And now billions of dollars of Mt Gox coins and fed-owned coins will be dumped on the market.
2. Tech stocks fall. I am still confident stocks will rebound in anticipation of Trump winning. Trump will pledge low taxes, deregulation, and tons of stimulus. Buying the dip is such a no-brainer decision. Even if he wanted to break up big tech, it would be impossible to pull off.
3. Biden is out, replaced by Kamala. This is ancient news by now. From what I read, the debate was a pretext for Biden to drop out. He was either in on the scheme to tank the debate, or it was a coup. Initially, it looked like Trump had come out ahead by winning the debate, only to have the tables turned against him by his opponent dropping out (or ousted) and replaced by Kamala, who is possibly stronger. Also, having the debate unusually early meant more time to promote Kamala. Even if Kamala does not poll as well among whites or undecided voters, she’s still better than a candidate who is physically unable to campaign. Was Trump fooled into accepting the debate? Possibly. Democratic party politics makes businessmen look like amateurs by comparison, that even Trump would get blindsided. It’s the closest thing to a legal mafia in the U.S.