Bitcoin and crypto are now the power of one party in the US, Kamala Harris is late: Bernstein analysis
Donald Trump's giving a historic speech at the Bitcoin Conference on Saturday evening and making many promises did not go unnoticed by the financial world. Bernstein's analysts, on the other hand, stated that Bitcoin and cryptocurrencies are now completely under Republican Party support, while the Kamala Harris team, which is trying to contact crypto companies at the last moment, is late.
Bernstein's research team, which has more than $750 billion in assets under its management, touched on Trump's crypto and Bitcoin steps in today's customer analysis. Stating that Trump made very important promises at the Bitcoin Conference, the analysts commented that the Kamala Harris team was late.
'Harris' olive branch is late'
Emphasizing the moves of the Kamala Harris administration, the analysts stated that the step of contacting some cryptocurrency companies at the last moment was a late move:
“In our opinion, this olive branch is a late step... If they want the cryptocurrency industry to take a moderate mood against them, Democrats should take steps that are much more full of six to do the opposite of their past mistakes.”
“Crypto and Bitcoin are now only under the protection of Republicans...”
Stating that the Kirpto communities now think that this area is not a problem that the two parties can solve, the analysts commented:
“Crypto communities and industry are very clear that the problems experienced are no longer a situation that the dual party can solve. Bitcoin's price movements and rise are also moving in direct proportion to the increase in Trump's presidential election rates. According to the political developments that will be experienced until the day the result of the elections in the beginning of November is finalized, prices may go up and down hard. The increase in Trump's probability of winning could result in rises in both Bitcoin and crypto-based stocks.”
