Crypto Corner - Does Bitcoin "Trump" Gold?
A new era for the sector as Presidential Candidates Support Bitcoin
July 29, 2023 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com) a go-to platform for big investing ideas, including cryptocurrency issues a new edition of the Crypto Corner.
Bitcoin long term investors are witnessing radical transformation as potential government sentiment shifts in its favour. After years of facing an uphill battle with regulators and government, a new era could potentially be unleashed.
Bitcoin hit $70,000 USD and has settled back to just over $68,000 USD following a trading frenzy fuelled by former President Donald Trump's speech at Bitcoin 2024 on Saturday.
With promises that he will fire the chairperson of the US Securities and Exchange Commission (SEC) on the first day if re-elected President, the sentiment for bitcoin has done a 180 shift.
The story gets even bigger as reported by BitcoinMagazine, "Independent US presidential candidate Robert F. Kennedy Jr. made headlines at the Bitcoin 2024 conference by pledging to purchase 4 million Bitcoins for the U.S. government if elected president. Speaking to a cheering crowd, Kennedy outlined his bold plan to integrate Bitcoin into the national economy."
Stocks in the sector got a boost in morning trading with Marathon Digital Holdings, Inc. (NASDAQ: MARA) trading as high as $22.90 and then pulling back as bitcoin prices declined.
Hut 8 Corp (NASDAQ: HUT) traded with a high of $16.48, reacting to bitcoin's surge.
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is currently trading at $3.78, off its high of $4.13.
This volatility in today's trading is to be expected as this new sentiment filters through.
But for investors betting on a bitcoin President, the future has never looked better!
Research more crypto and bitcoin stocks with Investorideas.com free stock directory
https://www.investorideas.com/Bitcoin-Cryptocurrency/Stocks_List.asp
About Investorideas.com - Big Investing Ideas
Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech, sports and more. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: More disclaimer and disclosure info https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Cryptocurrency Disclaimer
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.
Copyright and ownership: Crypto Corner is an Investorideas.com content brand
Learn more about our news, PR and social media, podcast and ticker tag services at Investorideas.com
https://www.investorideas.com/Investors/Services.asp
Learn more about crypto digital advertising and guest posts
https://www.investorideas.com/Advertise/
Follow us on X @investorideas @stocknewsbites
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Sign up for free stock news alerts at Investorideas.com
https://www.investorideas.com/Resources/Newsletter.asp
Contact Investorideas.com
800 665 0411