**Bitcoin Set to Benefit from US Presidential Election and Halving Event**

Bitcoin's price is expected to surge regardless of the outcome of the upcoming US presidential election, says CK Zheng, Chief Investment Officer at ZX Squared Capital. Historically, Bitcoin has seen strong fourth-quarter performance, especially during halving years. The next halving event in April could further boost its price.

Zheng points out that neither Republican nor Democratic candidates have addressed the growing US debt, which could be bullish for Bitcoin post-election. CoinGlass data supports this, showing Bitcoin has rallied over 50% in the fourth quarter six times since 2013.

Additionally, the Federal Reserve's potential 50 basis point interest rate cut might also favor Bitcoin if the US economy achieves a "soft landing." Bitcoin's price could become more correlated with the NASDAQ under these conditions.

Currently, Bitcoin is trading at $64,400, down 2% in the last 24 hours.