Based

Donald Trump

Bitcoin

President Trump

Market sentiment suggests that a Donald Trump win in the US elections in November could have a positive impact on cryptocurrency markets, while a Kamala Harris win could have the opposite effect, according to a research report published today by Wall Street brokerage firm Bernstein.
Bernstein highlighted that Bitcoin’s value has fallen following changes in Polymarket rates and polls in favor of Harris. The company expects Bitcoin, the world’s largest cryptocurrency, to “remain in a stable range until a clearer election signal emerges.”
Polymarket, a prediction market platform, allows users to speculate on the outcomes of future events, including political elections. Republican supporters have called the current market reactions the “first honeymoon phase,” arguing that Polymarket rates are open to manipulation, according to the report.
Related News: <a href="https://en.bitcoinsistemi.com/cryptocurrency-detective-zachxbt-warns-this-altcoins-biggest-whale-is-a-scammer/" target="_blank" rel="noopener noreferrer nofollow">Cryptocurrency Detective ZachXBT Warns: "This Altcoin's Biggest Whale is a Scammer"</a>
The report also noted that Trump’s camp has been particularly vocal about cryptocurrency policies, engaging with companies in the sector, Bitcoin miners, and the general crypto community. “The Republican camp led by Trump has made a strong pitch to crypto voters, promising favorable policies for Bitcoin and crypto innovation, even offering a potential national Bitcoin reserve,” analysts led by Gautam Chhugani wrote.
Speaking at the Bitcoin Conference in Nashville last month, former President Trump pledged to maintain a strategic national Bitcoin reserve and said that if he were re-elected, he would never sell the Bitcoin that the government had seized.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/is-the-fate-of-bitcoin-and-cryptocurrencies-in-the-us-elections-in-november-here-are-the-expectations-based-on-the-results/" rel="noopener noreferrer nofollow">Is the Fate of Bitcoin and Cryptocurrencies in the US Elections in November? Here are the Expectations Based on the Results</a>

Is the Fate of Bitcoin and Cryptocurrencies in the US Elections in November? Here are the Expectations Based on the Results

Bitcoin Sistemi EN

Other articles published on Aug 13, 2024

Bitcoin Prices Surge Then Plummet

Layer-1 blockchain Sui (SUI) surges by over 150% over the past week

Crypto's Quiet Debut at Paris Olympics: WeatherXM's DePIN Initiative

Massive Liquidations! Bitcoin Plunges Below $59,000!

Bitcoin at ‘perfect’ macro setup, but dip below $58K risks $500M in liquidations

Home Depot Reports Sales Decline in Q2, EPS and Revenue Beat

Join our free newsletter for daily crypto updates!