A bubble of expectations among BTC maximalists is beginning to grow around the Bitcoin 2024 conference, where Donald Trump will speak. A headliner of this level is not surprising.
For example, Satoshi Action Fund CEO Dennis Porter, citing some sources, reports that Donald Trump will announce the creation of a US strategic BTC reserve.
Let us remind you that Trump’s speech at Bitcoin 2024 is scheduled for July 27. The assassination attempt did not change his plans. The conference itself starts on July 25.
Judging by the start of the warm-up, the performance may become a “sell on the news” event. As was the case with Durov’s speech at TOKEN2049 and the TONCOIN course in April of this year. With the difference that Trump is a politician and his task is to please the audience very much. Therefore, there can be many bright theses at a speech. But all promises have reasonable limits. Although, if Trump had promised to even consider the creation of a US strategic BTC reserve, with a high probability it would have been a pump up to a new ATH.
Let's see how events around the upcoming performance will develop. The logic of our expectation is simple:
- If the performance begins to grow in anticipation and the price for it is pulled up, we expect a decline in#BTCat the performance itself.
- If there is no growth based on expectations, then we can really expect growth based on actual statements.
And performance is a reason for movement. Not his reason. And based on how the crowd will be warmed up for this event, we can assume the future reaction of the activists to the fact of the performance.
