Bitcoin doesn't need Trump, but Trump needs Bitcoin to get votes for himself.
In 1933, when Roosevelt came to power, he launched a "New Deal" that changed all the economic rules in the United States. A lot of companies were anxious to adjust their strategies and reshuffle the market. Now, the cryptocurrency industry is also facing such a thing. Harris is playing it safe and steady, and is in the same boat with Biden. If the policy continues to suppress cryptocurrencies, it will be a disaster.
Currently, Trump has a 62.5% chance of winning, while Harris has a 37.5% chance. But in the polls, Harris is ahead of Trump by 1%, and 10% of voters are unsure and may change their minds at any time. There are also seven key swing states, with Harris at 49% and Trump at 48%, just a little difference.
So, even though most cryptocurrency fans support Trump, it is not impossible for Harris to turn the tables.
If Harris is really elected, Biden's policies will probably continue, and Bitcoin may fall by 10% by the end of the year.
But in the long run, whoever becomes president will have little impact on the general direction of the crypto market. Bitcoin does not need Trump. It is Trump who needs Bitcoin.
There are two key points: First, Biden's policies are not very friendly to cryptocurrencies; second, everyone is guessing whether Harris will be stricter. The more uncertain it is, the more panic the market will have. $BTC
But in the long run, whoever becomes president will have little impact on the general direction of the crypto market. Bitcoin does not need Trump. It is Trump who needs Bitcoin.
Now that the global economy is so uncertain, central banks of various countries are releasing water, hot money is flowing in, and opportunities are coming.
