Standard Chartered Bank said that no matter who is president, Bitcoin will hit a new high by the end of the year. I personally agree with this. At present, the main factors affecting the price of Bitcoin are the US election, in addition to the interest rate cut. The interest rate cut mainly affects the capital level, while the US election mainly affects the policy level.
Moreover, the interest rate cut is now mainly the market entangled in whether it will be 25BP or 50BP. The actual impact may not be particularly large, while the US election mainly affects from the policy and investment environment levels. Obviously, this is more extensive. At the same time, from historical data, the market is often not very good before the US election, but the market becomes particularly clear after the election. Moreover, capital will be willing to invest boldly after the election. After all, there are too many uncertainties before the election, and capital is definitely not willing to take risks.
So in summary, the bull market will come after the election. Of course, there is also a certain possibility that there is a certain probability near the election or one month before the election.
