Bitcoin and US elections. Note that as Bitcoin approached $73,000, the market bought BTC, relying on the possibility of Trump winning. The US presidential election will be held on November 5, 2024. Uncertainty prevails in the financial market. We price uncertainty.
According to the majority, Trump will win, making Bitcoin $100,000. This possibility is priced in advance. So will the Bitcoin price drop if Trump loses?
If Trump loses after the final results are announced, we will see a decline in the price of Bitcoin, but if the new government does not tighten or sell Bitcoin, we do not think that the price of Bitcoin will fall below $ 50,000 in the medium term.
Even if the government changes, interest rate cuts will continue. Gold and Bitcoin will continue their climb.
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