Re: Trump will likely lose now

"It was certainly a bad timing for Trump to display so much interest in bitcoin" I'm just not sure I see the significance of that and I certainly don't see how that discredits his endorsement of cryptocurrency. And the swing voters who decide the election don't care about bitcoin one way or the other. Bitcoin has seen many swings over the years and this one barely ranks. Moreover, it happened because it's the new kid on the block so when investors are getting jittery about the economy they'll dump crypto before they dump more traditional bubble investments (though I don't deny that a lot of investment in crypto is also due to fiscal stimulus like everything else on Wall Street). Its devaluation has little to do with the investment potential of bitcoin itself so it always recovers once the jitters pass and its intrinsic value reasserts itself. It's like a canary in the coal mine that keeps coming back to life. Just imagine Amazon.com being the new dotcom on the block and getting dumped in bad times because investors got nervous about the economy. It's not like Amazon.com did anything to bring its own value down. Plus, the downturn gives people the chance to get into it when prices are lower which lays the groundwork for a comeback. As long as the fundamentals are sound, it can weather the storm of the financial market.