So all of the sudden bitcoin gets a downward fall and media is claiming that Mr. President's words have played the spell
Seriously, do you think anyone follows his words which is mostly based on his frequent mood swings? Anyone cares about his view on things must go? He is better at meeting Kim jong but not when it comes as cryptocurrencies. You hold fiat and you want everything like that, is that what you actually want to say? And do you think that in this fast world, his last week's statement matters? It is crazier to me that the people who are actually not holding even a single satoshi claims to drive the market. There was no bear season, it was just shifting of the sentiments that bitcoin is not a bubble and it has nothing to get burst or breakdown.
And here is one more headline, unrealistic. Even if it has some reality it is not just limited to the USA or any election.
There are no reports on how this sudden fall came in but it is for sure that his words are not hitting any crypto, it is actually spreading more awareness, people will search just to know why he mentioned an unknown thing - "bitcoin".