Rishi Sunak is Bitcoins October Surprise – Bitcoin Magazine


This is the opinion editor of YouTuber and writer Jacob Kozhipatt.

The phrase “October surprise” is used in politics to describe a last-minute, paradigm-shifting event that occurs a month before the American election. For example, in 2016, the FBI reopened its investigation into Hillary Clinton’s private email server, which many argue contributed to her loss in the 2020 election. In 2020, then-President Donald Trump contracted COVID-19 just weeks before the November election.

Bitcoin markets need a shake-up. 2022 has been a difficult year for the price of bitcoin. Right now, bitcoin sits ~65% below its price just a year ago, a far cry from the six-figure price forecast predicted by models like stock-to-flow and long-term bulls like Tim Draper.



Source link