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Bitcoin price recently made a new attempt near $64,000 and is hovering above $63,000. A recent news report is linked to the trigger of the latest surge. With Trump’s increasing chances of winning the elections, his latest move will support the rise of cryptocurrencies. As the November elections approach, the scenario we’ve been discussing for a year is coming into play.
Why Are Cryptocurrencies Rising?
It was just announced that Trump will appoint Senator J.D. Vance as Vice President. With the likelihood of winning the elections increasing, this latest move following Trump’s crypto-friendly statements could make a big impact. Trump, who will also speak at a Bitcoin event this month, could have announced this big news there. Perhaps he announced it early because he has bigger announcements to make?
In his post on Truth Social, he wrote:
“After long consideration and taking into account the tremendous talents of many others, I have decided that the most suitable person to assume the role of Vice President of the United States is Senator J.D. Vance from the State of Ohio. J.D. has honorably served our country in the Marine Corps, graduated Summa Cum Laude from Ohio State University in two years, and served as Editor of the Yale Law Journal and President of the Yale Law Veterans Association at Yale Law School. J.D.’s book “Hillbilly Elegy” became a bestseller and was made into a movie for defending the hardworking men and women of our country. With a very successful career in Technology and Finance, J.D. will now focus on the American Workers and Farmers in Pennsylvania, Michigan, Wisconsin, Ohio, Minnesota, and far beyond, for whom he fought so brilliantly during the Campaign…”
