Updated on 10/16 below. This post was originally published on October 16th
Bitcoin
Bitcoin
Earn over $3,000 in benefits, including unparalleled access to Web3's community of top entrepreneurs, creators, and investors, premium networking, priority access to global events, and free access. forbes.com and our forbes Cryptocurrency and Blockchain Advisor Newsletter. Apply now!
Bitcoin's price has soared from less than $60,000 last week to $70,000 per Bitcoin as MicroStrategy founder Michael Saylor reveals a massive $100 trillion “end goal.”
Now, as Tesla billionaire Elon Musk warns that the US could slide into “bankruptcy,” a new cryptocurrency sale backed by former US President Donald Trump has pushed Bitcoin prices higher. and the virtual currency market is rising significantly — climbing the moon as the chances of Trump taking back the White House next increase.
Sign up for free now crypto codex—Stay informed and ahead of bull runs in the Bitcoin and crypto markets with our daily 5-minute newsletter for traders, investors, and crypto enthusiasts.
Former US president and Republican presidential candidate Donald Trump is leaning towards Bitcoin. … [+]
Jeff Kendrick, Head of Cryptocurrency Research at Standard, said, “There are only three weeks left until the US election.If we can believe the polymarket, the probability that Trump will win the presidency is currently 56%, and the Republican victory rate is 39%.” In an email, Chartered Bank mentioned the odds on its cryptocurrency-powered Polymarket betting platform.
“This means that in the conditional probability space, if Trump wins, there is a 70% chance of a landslide victory for the Republican Party. Digital assets have finally started to rise in response.”
10/16 Update: Donald Trump is Posted A video about X declares that “crypto is the future” and urges people to “embrace this amazing technology and lead the world in the digital economy.”
In a video, President Trump directed people to the website of his new cryptocurrency project, World Liberty Finance, even as websites struggle to stay online.
Only $9 million worth of the new cryptocurrency has been sold. reported by coin deskestimates of $300 million worth of sales are way off.
“Less than a month after the presidential election, many in the crypto industry are wondering about the timing and nature of Trump's business,” Lorenzo Valente, a researcher at Bitcoin, crypto and tech investment firm Ark, said in emailed comments. A crypto advisor with experience with the platform softened the criticism somewhat.
Kendrick previously predicted that the price of Bitcoin would reach $125,000 per Bitcoin if President Trump retakes the White House, compared to the price under Vice President and Democratic nominee Kamala Harris. The Bitcoin price is set at $75,000.
President Trump embraced Bitcoin and cryptocurrencies through his family's World Liberty Financial Crypto Project and non-fungible tokens (NFTs).
Apenft
Speaking at a Bitcoin conference earlier this year, Trump promised to create a Bitcoin Strategic Reserve in the United States if re-elected, and predicted that the price of Bitcoin could eventually surpass that of gold.
World Liberty Financial's new WLFI cryptocurrency was launched today, with approximately 220 million tokens reportedly sold to over 1,700 unique wallets within the first 20 minutes. coin desk.
Sign up now crypto codex—Free daily newsletter for those interested in cryptocurrencies
This morning, the price of Bitcoin suddenly skyrocketed to levels that surpassed all-time highs. … [+]
President Trump's sons Don Jr. and Eric are deeply involved in World Liberty Financial's cryptocurrency project, with Trump himself being called the “chief cryptocurrency advocate” and his son Barron a “DeFi visionary.” are.
Co-founder Zachary Folkman says there are “well over 100,000 people on the so-called whitelist” to participate in the WLFI cryptocurrency sale, a decentralized finance project from President Trump-backed World Liberty Financial. “people” have joined.
The WLFI cryptocurrency, a governance coin designed to allow holders to vote on the direction of projects, was expected to raise around $300 million at a $1.5 billion valuation, but the U.S.-based purchase The person must be an “accredited investor.”
Speaking on this week's X Spaces broadcast, Folkman said World Liberty Financial will allow users to lend and borrow cryptocurrencies, create and manipulate liquidity pools, and trade with stablecoins.
