Welcome to The Bitcoin Street Journal Bitcoin Market Update! In Episode 5 Week 20, on Thursday May 25th, 2023, we bring you current and live bitcoin market updates, technical analysis, BTC price, market capitalization and market supply. Stay ahead of government and central bank intervention by subscribing to our podcast now! Join us on The Daily Diary of the Bitcoin Dream for breaking news, business updates, financial and economic news, global headlines and video. In today’s episode, we’ll cover the growing acceptance of Bitcoin donations for political campaigns, starting with Ron DeSantis and Robert F. Kennedy Jr. for 2024 presidential campaigns, and the possibility of Biden and Trump following suit.
The 2024 Presidential election is shaping up to be an interesting one, with both a Pro Bitcoin Democrat and Pro Bitcoin Republican candidate. The announcement of Ron Desantis and Robert F. Kennedy Jr’s candidacies for the presidency of the United States was accompanied by their acceptance of bitcoin donations to their campaigns. As the Bitcoin halving approaches, it’s worth wondering: why haven’t Biden and Trump declared themselves Pro Bitcoin?
After all, Bitcoin is everything American stands for: freedom, apple pie, and the pursuit of happiness. It will be interesting to see if the Biden and Trump camps signal their support for Bitcoin as well.
In other news, Solana Labs has created a plugin that combines blockchain with AI, making blockchain technology even more versatile. However, not all cryptocurrency news is good news. There are reports that Morgan DF Fintoch exit scammed and ran off with $31.6M, leaving investors empty-handed. Additionally, Binance has announced that they will no longer offer trading services for 21 trading pairs.
But it’s not all doom and gloom. Bitfinex has backed Terra Classic Tax Burn Hike to 0.5%, and Bitpanda and Coinbase will soon bring cryptocurrency services to European banks. Overall, there’s a lot happening in the world of cryptocurrency, and it’ll be interesting to see what develops in the coming days and weeks.
In today’s episode, we discussed how Bitcoin is becoming a viable option for political campaign donations as Ron DeSantis and Robert F. Kennedy Jr. have started accepting it for their 2024 presidential campaigns and how Biden and Trump may do the same in the future. Thanks for listening to today’s episode, I’ll see you guys at the next one and don’t forget to subscribe!