On July 21, US President Biden announced his withdrawal from the 2024 presidential election.
Biden said in a letter posted on his personal social media that day that he had intended to seek re-election, but in the best interests of the Democratic Party and the United States, he decided to withdraw from the presidential race and will focus on completing his presidential duties during his term. Biden said he would explain his decision in detail to the nation later this week. After announcing his withdrawal from the election, Biden expressed his full support and recognition of US Vice President Harris' nomination as the Democratic presidential candidate . A few minutes after Biden announced his withdrawal from the 2024 presidential election, Trump responded in a phone call with CNN: "He is the worst president in the history of our country. By far, he is the worst president in the history of our country." Trump also said that he believed Vice President Harris would be easier to defeat than Biden.
The campaign between Trump and Biden may seem like a culminating battle for the presidency, but in reality it is a battle for opposition power between the Democratic and Republican parties.
Is the 81-year-old Biden really a "Zhuge Liang" who is concerned about the country and the people and works hard until his death? The people of the United States are not all the product of a happy education without enlightenment. People with normal logical thinking can understand whose puppet Biden, who is good at falling, is, including Harris, who Biden supported after he withdrew from the election. Why are the Democrats so impatient to remove Biden from office and support Harris to take office? This has to mention Trump's "unruly"
The Democratic Party and the Republican Party have maintained an unbreakable balance in the elections of the United States for more than 200 years. No matter which party wins the election, they are not allowed to use judicial means to attack their opponents . Comrade Trump wears a red armband of the revolution but does not give face to monsters and demons. He wants to disclose the secrets of 911, the truth about aliens, and the scandal of XXX. These are all fine, but he wants to stop the Russia-Ukraine war within 24 hours, liquidate Clinton and Hillary, and the Israeli-Palestinian peace talks. Moreover, Trump will re-elect and suppress the diehards who prevent him from making profits. Just like the attitude of the U.S. Securities and Exchange Commission (SEC) towards many crypto companies and license applications, it can be felt that these high-ranking power holders are also watching the results of the election of the two. They want to delay the pending bills and regulations until the incumbent is authorized to take sides. No matter how good the political achievements are and how high the public opinion is, it cannot withstand a piece of paper from the president.
The emerging wealth of crypto groups not only contributed to Trump's campaign funds, but also allowed Trump, a businessman, to discover ideas to get rid of the US debt. According to sources, Trump may make a landmark statement at the 2024 Bitcoin Conference in Nashville, planning to use Bitcoin as a strategic reserve asset for the United States. .
The market rose after hearing the news, and Bitcoin rushed to $68,000 .
Under the global gold standard system, gold has always been the main reserve asset of various countries. Since the establishment of the Bretton Woods system, the share of gold in reserve assets has been on a downward trend , because there are more financial products to choose from, such as foreign exchange reserves, fund positions, SDRs and other reserve assets. Adequate reserve assets are of great significance to maintaining the financial stability of the United States and the world, especially in the current critical period of insufficient international liquidity. Reserve assets can provide liquidity support for cross-border trade and investment, and alleviate the adverse impact of market turmoil. With its own national debt reaching 34 trillion and soaring at an alarming rate of 1 trillion every 100 days, although it is said that a person with too many lice will not be overwhelmed and debt is God, if this continues, the US dollar will no longer have the status of a financial "stable currency".
In recent months, Trump has recast himself as a pro-crypto candidate, a stark contrast to his stance during his presidency. In April, he launched his latest series of non-fungible tokens (NFTs) on the Solana blockchain and has been an active supporter of cryptocurrencies ever since.
Trump also promised to protect Bitcoin holders from regulatory actions, especially from Senator Warren, who is critical of cryptocurrencies. He made this promise at the party's National Convention in May, emphasizing his commitment to the cryptocurrency community. And after meeting with Bitcoin mining executives, he also promised that all future Bitcoins will be minted in the United States, so that Web3 will happen in the United States.
Of course, we cannot cheer and blindly chase high prices just because of an imaginary possibility. Market benefits always only occur before the news. When everyone in the market is discussing one thing, it means that profits have reached their peak and it is time for an adjustment.
