CandleFocus Politics and memecoins drive the conversation on day 2 of Permissionless
2024-10-10
Author: Content Editor
The Permissionless III crypto conference in Utah brings together crypto influencers, US senators, and industry players. The upcoming presidential election and its potential impact on the crypto industry is a major topic of discussion. Some believe that a second Donald Trump presidency would be more favorable for crypto, while others dismiss that notion. The uncertain macroeconomic conditions and stagnant crypto market add to the somewhat bleak picture. Trust in institutions has decreased, leading to a focus on memecoins and their social response to the current situation. Price action is also a topic of discussion, with some predicting bitcoin to reach $150,000-$180,000 in two years, and others predicting $117,000 by August 2025.
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