We start the week in Cryptoland with red numbers. Yet that could change tomorrow. Dennis Porter, CEO of the Satoshi Action Fund, hints in his X post on “Large Political News for Bitcoin (BTC)” that comes out on Tuesday. What exactly is things about?
Tomorrow big Bitcoin news?
Dennis Porter shakes things up on social media. According to the CEO, “everything will change this week”. What exactly is on the planning remains unclear. However, Porter states that it is an event “that lays the foundation to make the United States a worldwide leader in Bitcoin”.
Fortunately we don’t have to wait long. If Porter’s prediction is correct, we will get the redeeming word tomorrow. Trader Fred Kroeger threw extra oil on the fire by saying that “everything will change tomorrow” and that you “should not miss this news”.
Porter may be referring to the upcoming speech by Jerome Powell, chairman of the Federal Reserve (FED). Tuesday, simultaneously with Porters prediction, Powell speaks in Rhode Island. Whether he will reveal something new there is still unclear. Until then it will stay with speculation.
The timing of the speech is striking. Last week it became clear that there was division within the FED about the future interest rate policy. This causes uncertainty among traders, because an interest rate reduction may be less likely in October than previously thought.
Trump pushes crypto forward
A new pro-Crypto announcement would fit seamlessly in line with policy under the Trump government. Since his re -election, a striking number of positive steps have been taken in the field of crypto. In March, for example, his government launched the National Bitcoin reserve. With this, the US positioned itself as a precursor in the recognition of BTC as a fully -fledged investment instrument.
In addition, the Genius Act was signed in July. This groundbreaking law creates a clear framework in the US for companies that want to spend a stablecoin. Since then there have been striking developments in this sector. For example, bank giants such as JPMorgan and Citigroup work on their own deposito chefs. E-commerce giants such as Amazon and Walmart are also investigating the possibilities of their own stablecoin, which, according to estimates, could result in billions of dollars in cost savings.
Source: https://newsbit.nl/expert-voorspelt-groot-bitcoin-nieuws-morgen-allesbepalend-moment/
