The market is buy the rumor, sell the news. People invest money because of their belief in something that in their opinion, after doing due diligent research or not, is it is safe, good and potential asset for investment. It's purely depended on their belief on it and politicians are very good at building up hype and belief in community on their words in speeches.

With strong belief, that can be right or not right, people can stick with it and do many things.

Politicians know that if they can make good speeches, say things that their people want to hear and want to achieve in future, they will get more support. Winning an election or not, there is nothing to be sure about an election result but politicians have to do everything they can to get as many votes as they can, to win an election.

Price of Bitcoin has good show after some months of correction in April and June this year. Recent heat from Donald Trump only can help to boost the process of accumulation and bull run a little bit.
https://cryptorank.io/price/bitcoin

 Trump has been taking his plans for Bitcoin seriously and at the conference , you could hear him make strong statements like "Bitcoin and crypto will skyrocket like never before if I'm elected president" and that sounds like what a typical politician will do because it's like a bargaining chip. With how prices rose sharply since he started campaigning and after the attempted assassination that was foiled, he feels he can take it up a notch by making such bold declarations but I doubt those declarations alone cause Bitcoin price to spike.
 Honestly, the words of these guys should be taken with a grain of salt because there's no assurance he'd be able to strengthen Bitcoin over the dollar in the US without facing great opposition and knowing how he seldom delivers on his promises, it's best to just take it as you see it.

Thought people would have tired by now of "political endorsement" inspired bull runs. We've had them before, and from more credible politicians, with far more practical statements. And they've always had a negligible, if any, direct impact on markets. Even if you perceive the shift, not beyond a day.

We've all got to understand by now market is influenced by so many factors. Nothing beats the supply/demand dynamics for me. Investor sentiment, sure, but investors really couldn't give a rat's arse about US presidents anymore. They're more concerned with the macros and corporate regulations. If one statement can shift supply/demand globally, or is related to regulations, perhaps. Not anything I've heard from either camp, though.

Bitcoin went up 500% under president Biden.

Was it all Biden's fault? Probably not. But the safe bet here is to stick with what has worked. Hopefully things will stay the same in the USA, which means Harris carrying on what Biden has done. You might complain about the regulations, but regulations bring mainstream investors into the market because they make them feel safe.

Trump promises massive radical change to the USA, which could severely disrupt the US economy and bring massive downsides to Bitcoin.

Trump is a convicted criminal, and should not be trusted.

Biden and the Democrats--which means Harris for president--have been good for Bitcoin. Vote accordingly.

I'm not from the state and might not have key figures on the extent of Bitcoin adoption in the state but I'm interested to know the number of eligible voters that are Bitcoin enthusiast in the United state and how important thier voting quarter will contribute to making Donald Trump become the president of the USA. Political periods are mostly moments when you hear tons of talks and statement you ordinarily wouldn't see from politicians on the normal and most of them aren't to be taken seriously.

Whatever statement trump made at the Bitcoin 2024 conference is just a normal political statement and I doubt it was what led to any increase in the price of Bitcoin. The statement would only send a small signal to current HODLers to keep on holding thier Bitcoin which doesn't play a serious role in Bitcoin becoming more bullish. I feel this is rather too early to start expecting a direct effect on Bitcoin, maybe it would be okay to talk about this when trump eventually wins and sets out a policy that's going to encourage more big whales to consider Bitcoin a source of reserve.

You misunderstood what I'm saying. The most positive piece of news that Bitcoin can have would be its recognition as a legal tender. However, we all know that isn't happening. Even if that is part of his campaign, I find it hard that it would sway many voters to his site.

The strategy is quite common for the candidates; speak on issues that can best appeal to your voters, make promises and get their votes. I don't think Bitcoiners can sway the results this much.

Has there been any time in the history of the US election that presidential candidates are discussing or giving promises about the crypto industry? This is not only about Donald Trump; it was rumored that Kamala Harris was billed to be a keynote speaker at the Bitcoin Conference, but she later decided not to attend. Cryptocurrencies might not be as powerful as immigration, foreign policy, climate change, abortion, and LGBT rights, but it is an emerging force in the economy of the US. Politicians also know that most people in the US own crypto, and this ownership might determine their choice of candidate.

No I do not think it is primarily the reason. Trump has been promising a lot of things but I think positive impacts on Bitcoin will only show once he wins and he actually makes true of his promises. There are a lot of factors in play not only american politics that may affect the bitcoin price movement.
Many people are very much considering who to vote for based on the candidate's opinion on crypto so yes I believe that if a candidate chooses to endorse bitcoin on his or her campaign, more people are likely to vote for that candidate. I mean before Biden pulled out of the race, he was also basically buttering up to crypto community and showing support for crypto.

Once they are in the position to implement laws that could support what the crypto enthusiasts want and could further support the adoption of crypto all through the country and potentially in the world, then we will definitely see a surge of price.

If Trump had a lightbulb every time he was mentioned on this forum, he would probably go crazy. Haven't the previous threads shown the opinions of users about Trump's intentions and his interest in Bitcoin? Do we need to rephrase what has already been said three hundred times? In war, all means are good, and Trump is going for his intended purpose; if someone here does not trust him, his speeches will surely touch others.

Haven't we gotten used to this?