Thu, September 19, 2024 at 08:39
Hey Annie!
Guess what?
Donald Trump just made his first public Bitcoin transaction!๐ฒ
Wow, really?
That's surprising!
When did this happen?
It happened just yesterday, on September 18th.
He bought burgers for his fans at a New York bar called PubKey, which is known for its Bitcoin payments.
That's interesting!
So, he actually used Bitcoin to pay for the burgers?๐
Yep!
He spent $998.70 worth of Bitcoin using Strike, a cryptocurrency payment app built on the Lightning Network.
And he even called the burgers 'Bitcoin Burgers'!๐
Haha, that's funny!
But were people happy about it?
Well, at first, there were some boos and people calling him a loser and scammer.
But then, when he asked, 'Who wants a burger?'
and started buying them, the boos turned into cheers and applause.๐๐
I see.
So, is this a part of his campaign strategy?
Exactly!
He's trying to gain the votes of crypto users and boost the crypto industry.
It's still controversial whether he's genuinely changed his perspective or if it's just an election agenda.
Hmm, interesting.
How has this affected the Bitcoin market?
Bitcoin's price has seen a boost since the incident.
It was stuck around $58K but surged 7% over the week, currently sitting at $62,081.
Some analysts even predict it could go as high as $70K!๐
Wow, that's a significant increase!
Do you think this will continue?
Well, one analyst named Ali mentioned that if Bitcoin closes above $61,500, it could signal the resumption of the bull market.
He even called it 'Uptober,' as October has historically been a profitable month for Bitcoin.๐
That's good to know.
What about the overall market?
The global market cap has also seen a 3% jump in the last 24 hours, currently at $2.15 trillion with a trading volume of $93.27 billion.
Investors' confidence seems to be getting better.๐
That's great news!
So, do you think this is a good time to invest in Bitcoin?
Absolutely!
With Trump's endorsement and the recent interest rate cuts by the Fed, it seems like a promising time for Bitcoin.
The market sentiment is shifting from fear to neutral, and this could be a great opportunity for investors.๐
Thanks, Joy!
I'll definitely consider this.๐
No problem, Annie!
Always here to help.
Let's keep an eye on the market and see how things unfold.๐
To sum up, this article is considered a ๐Bullish for investors!!