10x Research CEO: Traders won’t short Bitcoin this weekend as speculation grows that Trump’s speech will push prices higher

Odaily2024/07/27 02:41

By:Odaily

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Odaily News No one wants to short Bitcoin on the weekend, Markus Thielen, CEO of 10x Research, wrote in a recent analysis. He explained that Trump is expected to announce plans for a strategic reserve of Bitcoin at the Bitcoin Conference on July 27 (if he is elected president in November). Thielen believes that futures contract traders are not shorting Bitcoin because they are worried that its price may soar due to this news. (Cointelegraph)

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10x Research CEO: Traders won’t short Bitcoin this weekend as speculation grows that Trump’s speech will push prices higher

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