Written by 1:21 am Bitcoin

Is Rishi Sunak Bitcoins October Surprise – Bitcoin Magazine

This is an opinion editorial by Jacob Kozhipatt, a YouTuber and writer.

The phrase “October Surprise” is used in politics to describe a last minute, paradigm-shifting event that occurs a month before an American election. For example, in 2016, the FBI reopened their investigation into Hillary Clinton’s private email server, an event which many argue led to her loss in the 2020 election. In 2020, then-president Donald Trump contracted COVID-19, just weeks before the November election.

Bitcoin markets are in need of a shakeup. 2022 has been a tough year for the price of bitcoin. Right now, bitcoin sits ~65% below its price just one year ago, a far cry from the six-figure price prediction that models like “stock-to-flow” and long-time bulls, like Tim Draper, predicted.

Source link

Close