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The organizers, who defined Trump as the main soloist of the event on the conference website, said, "Trump announced his support for the American Bitcoin industry in May 2024 and advocated financial freedom and the growth of the US Bitcoin industry on the global stage."
In June, Trump introduced himself as a champion of cryptocurrencies at a fundraising event in San Francisco and criticized the Democrats' regulatory efforts in the industry.
Trump also recently expressed his desire to see more bitcoin mining by US companies. In June, Trump said on the Truth Social platform, "We want all remaining Bitcoin to be PRODUCED IN THE US".
NOT INVESTMENT ADVICE
Therefore, it is better to gradually go long at the moment. Once the loss-making positions break even, the crazy bull market can be initiated. It is best for BTC to show fluctuations rather than sideways movement. Sideways movement lacks volume, and a drop actually provides an opportunity to catch the bottom. If there is no opportunity for a subsequent drop, it will accelerate the main rising wave market.
However, a risk warning is that if the US does not cut interest rates in September or if unfavorable information such as Mt. Gox appears, the initial decline is certainly an opportunity. But if the decline continues for a long period, especially for three consecutive days, then the subsequent market will be volatile.