Shorting BTC Before Trump's Bitcoin Conference Speech Is A Dangerous Game: 10x Research
Portfolio Pulse from Murtuza Merchant
10x Research advises against shorting Bitcoin ahead of former President Donald Trump's speech at the Bitcoin 2024 conference, suggesting it could trigger a parabolic move if Bitcoin trades above its previous all-time high. Rumors of Trump announcing Bitcoin as a strategic reserve asset and the potential for a pro-crypto administration could significantly impact the market.

July 22, 2024 | 6:05 pm
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10x Research advises against shorting Bitcoin ahead of Trump's speech at the Bitcoin 2024 conference, suggesting it could trigger a parabolic move if Bitcoin trades above its previous all-time high. Rumors of Trump announcing Bitcoin as a strategic reserve asset and the potential for a pro-crypto administration could significantly impact the market.
The report highlights the potential for a significant price increase if Bitcoin trades above its previous all-time high. Additionally, rumors of Trump announcing Bitcoin as a strategic reserve asset and the potential for a pro-crypto administration could lead to increased investor confidence and market activity.
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