Is Rishi Sunak Bitcoin’s October Surprise – Bitcoin Magazine

This is an opinion piece by Jacob Kozhipatt, a YouTuber and writer.

The term “October Surprise” is used in politics to describe a last-minute paradigm-shifting event that occurs a month before a US election. For example, in 2016 the FBI reopened its investigation into Hillary Clinton’s private email server, an event that many claim led 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 an upheaval. 2022 has been a tough year for the price of bitcoin. Right now, bitcoin is ~65% below its price just one year ago, far from the six-figure price prediction that models like stock-to-flow and long-term bulls like Tim Draper predicted.

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