The Bitcoin Bounce and the Trump Rumor - Miyagi Mornings #11

If you like this video and this type of thing you will love my podcast at http://tspc.co today's podcast will be Episode 2782 and will go live about 3PM Central on 11-30-20.

So over the holiday the CEO of Coinbase leaked a rumor that the Trump Administration “May ‘Rush Out’ Burdensome Crypto Wallet Rules” source article is here https://bit.ly/37l5cr0 This news sent BTC into drop from the position it was sitting at (about 19,100 dollars) to 16,200 (almost 3 grand) but by today we are back into the mid 19K range an 20K is looking likely.

So what happened, why didn’t Orangeman fear hold the price down or continue the drop. Today I explain why, it is really pretty simple to understand. While the proposed rules would suck for CoinBase and other US based exchanges, they would do little to curtail Crypto as a whole.