Deep Dive: A Primer on Cryptocurrencies
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In July, President Trump spoke at a Bitcoin conference and told the audience he would make the United States "the crypto capital of the planet". The crowd went wild.
Since then, President Trump won the presidential election with an unprecedented sweep of all seven battleground states, Gary Gensler announced his departure from the SEC next month, and earlier today, Bitcoin passed the $100,000 milestone.
The cryptocurrency market now commands $3.5 trillion in value, with over 15 million daily active users across all decentralized networks.
Markets are reflexive because humans are primitive beings driven by fear and greed who will always extrapolate out positive and negative expectations further than reality.
When things seem darkest is right before dawn. Multi-month period of apathy for BTC then new bubble begins.