The recent rise in Bitcoin price and increasing institutional acceptance has market players excited. It even causes change in prominent people who were previously hostile. The image of US senator and staunch cryptocurrency opponent Elizabeth Warren signing an order to fly a flag in the US capital in memory of Satoshi Nakamoto caused confusion. This led to discussions about whether Warren, who we know with her hostile attitude towards cryptocurrencies, has changed sides.
Did Elizabeth Warren switch sides on Bitcoin?
No, U.S. Senator Elizabeth Warren, a Massachusetts Democrat who has typically been hostile to the blockchain industry, has not made a sudden change of heart on BTC. Warren has emerged as one of Blockchain’s harshest critics in the Senate. Moreover, she has spearheaded bills aimed at preventing financial institutions from dealing in Bitcoin and other cryptocurrencies, such as last year’s Digital Asset Anti-Money Laundering Act.
Given the senator’s anti-Bitcoin record, it was a surprise when he signed a formal order this week ordering a flag to be flown over the US Capitol in honor of Bitcoin creator Satoshi Nakamoto. The Bitcoin community immediately took action upon this news, fueling discussions on X. He also recirculated an article from Bitcoin Magazine celebrating Warren’s “sudden embrace of Bitcoin.”
Detectives immediately solved the mystery of the incident!
However, when we looked a little closer, a different face of this development emerged. Because it was little more than a clever trick by BTC supporters. Some gullible commentators even began celebrating Warren’s “confirmation.” However, social media sleuths quickly figured out the story behind the incident. He noted that anyone can fly a flag over the U.S. Capitol for a fee by filling out a form on the Senator’s website.
If there’s one takeaway from Bitcoin Magazine’s article praising Warren for finally “seeing the orange light” (a reference to the orange Bitcoin logo), it might be that the senator’s office is taking a decidedly free-speech approach to policing submissions to the flag request form. Bitcoin Magazine did not make a statement on the subject.
Analyst: Bitcoin is ready to rally before halving!
cryptokoin.comAs you follow from , the price of Bitcoin exceeded $52,000 in the last 24 hours. Thus, it showed that the market had entered conditions indicating a rally before the halving. Bitfinex Derivatives Head Jag Kooner evaluated the latest price movements. “The current market movement is consistent with the pre-halving rally, which has been a trend in previous BTC cycles,” Kooner said. Kooner noted that historically, these rallies started about eight weeks before the halving event. Additionally, the analyst underlined the following points:
This rally has the potential to push prices beyond the previous cycle’s highs. The past week has marked the re-emergence of Bitcoin as a trillion-dollar asset, driven largely by spot Bitcoin ETF inflows.
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