Will the US election determine the future direction of Bitcoin? What are the key meetings to watch this week?
Biden and Trump represent very different political positions on Bitcoin. Biden promised to maintain Congressional support for regulation, while Trump expressed a positive attitude towards Bitcoin and even said he would accept Bitcoin donations. According to Standard Chartered Bank, if Trump is re-elected as president, the price of Bitcoin may soar to $200,000! Either of these two candidates becoming the next US president will directly affect the development of the cryptocurrency market.
Like seemingly distant events such as interest rate adjustments, wars and elections, these factors directly affect the trend of the cryptocurrency market.
At present, Bitcoin is at a brand new turning point and has experienced a period of market volatility. Whether it is struggling to move forward in the market downturn or becoming a hot topic in the US election, Bitcoin's position on the international stage is constantly emerging.
This emerging industry is gradually gaining international attention, and future development will depend on regulatory policies and the investment of mainstream investors. Let us wait and see and witness Bitcoin write a new legend in innovation!
Key events & indicators of this week
May 14
●US PPI annual rate in April
●Fed Chairman Powell and ECB Governing Council member Knott attended a meeting and delivered a speech
May 15
●US CPI in April
May 16
●US initial jobless claims for the week ending May 11 (10,000 people)
●Fed Vice Chairman Jefferson spoke on the economy
May 17
●2024 FOMC voting member and Cleveland Fed President Mester spoke on the economic outlook
●2024 FOMC voting member and Atlanta Fed President Bostic spoke on the economic outlook
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