Bitcoin’s Next Catalyst Is Days Away

The Trump Catalyst: How the leading presidential candidate is setting the stage for Bitcoin’s next big breakout... [Derby City Daily logo]( [Derby City Daily logo]( July 19, 2024 [Bitcoin’s Next Catalyst Is Days Away]( By Andy Swan Q: What do Donald Trump, Michael Saylor, and Edward Snowden have in common? A: Bitcoin. When Michael Saylor famously declared Bitcoin (BTC) "the apex property of the human race" in 2021, the world wasn’t ready. “Bitcoin is property rights,” he explained at the time. “It’s technology to deliver property rights to eight billion people for the first time in the history of the human race and that’s life, liberty, and property.” The visionary MicroStrategy (MSTR) CEO went all-in on the "offbeat” asset in 2020 and never looked back. [Under his watch]( MicroStrategy has accumulated 1.078% of all bitcoins in existence, the most of any publicly traded company in the world. Today, those holdings are worth nearly $14.9 billion. Source: bitcointreasuries.com Saylor has taken plenty of heat for his aggressive bullishness on Bitcoin over the years. Crypto has no shortage of critics. But times have changed. Next week, the leading U.S. presidential candidate, Donald Trump, will join Saylor in Nashville, TN for the 2024 Bitcoin Conference – and set the stage for Bitcoin's next big breakout. Other high-profile names like Robert F. Kennedy Jr., Cathie Wood, and Edward Snowden are rounding out the star-studded lineup of Bitcoin bulls headlining the conference. SPONSORED AD [Legendary trader: “Prepare for an Election Melt Up”]( Are you prepared for [this 2024 election melt up]( Tom Gentile is a legendary trader who saw the rise of cryptocurrencies in 2013, when he began mining Bitcoin from his garage. He also predicted the rise of AI in 2019, and gave his readers a chance to turn $10k into more than $325,000 in Nvidia. And now he’s predicting [this niche of the market is about to see an election melt up...]( No matter who wins the election in November. [Click here]( A Pivotal Moment in Bitcoin History Donald Trump, now favored to win the presidency in the next election, has turned into a vocal proponent for Bitcoin during his campaign for the White House. Source: RealClearPolitics Trump's position on Bitcoin has evolved significantly: He now sees the "digital gold" as a key technology that the U.S. should embrace... before China does. On his social media platform, Truth Social, Trump even suggested that he would have the government buy Bitcoin to help back the dollar, if elected. And he wants the U.S. to dominate Bitcoin mining. This bold statement – and any positive remarks he’s set to deliver next week – could significantly impact Bitcoin's trajectory... especially given the former President's influence and following. SPONSORED AD [We’ve entered a new era in the stock market]( The stock market continues to go up, yet so many Americans still continue to struggle when it comes to retirement. Well, that’s because many stocks are no longer climbing slow and steady like they used to, but rather jumping all at once in quick bursts called Flash Trends. [Full story, here]( The anticipation surrounding Trump's appearance at the conference is already palpable, with Bitcoin rallying nearly 20% off recent lows. Source: TradingView The rally gained even more momentum after Trump survived the recent assassination attempt, adding to the narrative of resilience and strength. RFK Jr., another prominent political figure who has shown interest in Bitcoin, will also be in attendance. His presence and potential endorsement could further pressure the Biden administration to reconsider its stance on the cryptocurrency. Will the Biden administration take notice? Will Trump's bold claims about integrating Bitcoin into the government's financial strategy push the current administration to rethink its approach? These questions loom large as we head into the Nashville Bitcoin Conference one week from today. All eyes are on Trump – and Bitcoin. Until next time, [Andy Swan's signature] [Andy Swan's signature] Andy Swan Founder, LikeFolio Discover More Free Insights from Derby City Daily Here's what you may have missed from Derby City Daily this week... ✓ [Watch This Unloved Streaming Stock for Signs of a Turnaround]( ✓ [Is Tesla More Than a Car Company? Setting the Record Straight]( ✓ [ONON: An Olympic-Caliber Profit Play]( Get Instant Access Click to read these free reports and automatically sign up for research throughout the week. [The Infinite Income Manifesto]( [25 Doomed Blue Chip Stocks]( [5 Unapologetically Profitable Stocks for 2024]( © 2024 TradeSmith, LLC t/a Derby City Insights. All Rights Reserved. 1125 N. Charles Street, Baltimore, MD 21201 To unsubscribe or change your email preferences, please [click here](. [Terms of Use]( | [Privacy Policy](