Show Notes
Bitcoin is dumping hard today, dropping below $60K, as miner and government sell pressure mixes with fear on the news that the long awaited Mt Gox market dump will take place next month. Are we heading lower?
Despite the price collapsing, Bitcoin continues its rapid adoption and recognition outside of the United States and comes to the center stage in America as inflation becomes the number one concern heading into the election. Time to buy the dip?
More from Bitcoin Daily Show
Billionaires and bankers are starting to see the game theory of Bitcoin playing out, as one of the richest men in the world, Michael Dell, continues to be fascinated and billionaire Mark Cuban goes from comparing Bitcoin to bananas to acknowledging the real possibility of it becoming the global reserve currency.
Things are looking bullish for Bitcoin again as the price rockets past $64K and flirts with key short squeeze liquidation levels above $65K.
With an assassination attempt on Donald Trump, this weekend proved that the world continues to become more and more chaotic. And in the midst of chaos.Bitcoin continues to be a beacon of hope - absorbing financial chaos and producing life changing returns.
The Political theater is heating up in the US, CPI numbers come in lower that projected, geopolitically weaponization of debt continues, the Japanese Yen gets another last minute bailout and meanwhile in Bitcoin land, the German government is nearly finished emptying their bags, while the Bitcoin ETFs have quietly had 5 straight days of inflows.
Donald Trump being announced as a confirmed speaker at The Bitcoin Conference in Nashville is certainly bullish news, but we look into whether or not him being elected and keeping his pro Bitcoin policies can actually solve the biggest problems we are facing as a country.