Bitcoin’s price jumped above $63,000 after an assassination attempt on former US president Donald Trump.
Incident at Pennsylvania Rally
Take a look at what happened: Trump was shot at a rally in Pennsylvania but is reportedly fine. This incident boosted his chances of winning the presidential election, leading to a surge in bitcoin’s value. According to Poly Market odds, Trump’s chances of becoming president shot above 70% after this incident.
Trump’s Pro-Bitcoin Statements
For the last few months, Donald Trump has been seen making pro-bitcoin statements: “I will ensure that the future of crypto and the future of Bitcoin will be made in the USA, not driven overseas. I will support the right to self-custody to the nation’s 50 million crypto holders. I say this: with your vote, I will keep Elizabeth Warren and herons away from your Bitcoin, and I will never allow the creation of a central bank digital currency.”
Trump’s Views on CBDCs
The former president has continued to express his dislike for central bank digital currencies (CBDCs). In one of his messages, he even mentioned that Bitcoin mining may be the last line of defense against CBDCs. Along with Trump’s pro-bitcoin positioning, the crypto markets are also relieved by the news that Germany has stopped selling its Bitcoin.
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Recent Developments
Trump’s campaign has been accepting donations in digital assets. According to some reports, Trump also discussed crypto policy with billionaire Elon Musk recently. Bitcoin experienced a significant slump over the last 9 days, dropping to as low as $54,000.
Evolution of Trump’s Bitcoin Stance
It’s interesting to note that Trump’s stance on bitcoin has never been the same. In his past statements, he has even called Bitcoin “a scam currency of this world.” “Should be the dollar and I don’t think we should have all of uh the Bitcoins of the world out there. I think they should regulate them very, very high but the currency should be the dollar and when you have things like that out there Ste it, you know what happens is you really lose something that takes the edge off of the dollar and the importance of the dollar. Bitcoin, it just seems like a scam. I don’t like it because it’s another currency competing against the dollar.”