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The U.S. presidential elections are stirring up the crypto market! Experts believe that regardless of the winner (whether Trump or Harris), Bitcoin stands to benefit due to expectations of a rising budget deficit. Trump is seen as more crypto-friendly, even hinting at creating a Bitcoin reserve in the U.S., while Harris' stance on the matter remains unclear. Global banking giant Standard Chartered has jumped into the election-based Bitcoin predictions. According to their forecast, if Trump wins, BTC could skyrocket to an impressive $125,000! With a Harris victory, they predict a more conservative $75,000. But wait, there's more! Investment firm Bernstein also weighed in with their predictions. They speculate that under Trump’s leadership, Bitcoin could reach $90,000 (about R$ 500,000) by the year’s end! Trump’s promises to make the U.S. the global crypto capital, create a national Bitcoin reserve, and appoint a pro-crypto SEC chairman are exciting the market. On the flip side, if Harris wins, Bernstein forecasts Bitcoin might drop to the $30,000 to $40,000 range. Harris' lack of a clear stance on cryptocurrencies is leaving investors uncertain. No matter the outcome, regulatory reforms are expected to keep moving forward, driving Bitcoin’s growth in the long term. 2024 is shaping up to be an exciting year for the crypto world!
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Bitcoin was buoyed by inflation data that showed the situation is under control. Fortunately, after a while, the positive correlation between the US stock market and Bitcoin has returned today, with Bitcoin trading in the $59,700 range 🤗 $btc #btc
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Don't be a slave. Hodl Bitcoin. Sell your fiat. #btc #fiat
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#BTC Bitcoin bottomed 547 days prior to the 2016 Halving but topped in its Bull Market 518 days after the 2016 Halving Bitcoin bottomed 517 days prior to the 2020 Halving but topped in its Bull Market 549 days after the 2020 Halving Bitcoin bottomed 517 days before the 2024 Halving but may very well top in its Bull Market ~549 days after the 2024 Halving That's October 2025 History suggests two takeaways: 1. The Halving acts like a mirror. Bitcoin Bear Market Bottoms occur a similar amount of days prior to the Halving compared to the amount of days its takes for Bitcoin to form Bull Market Tops after the Halving 2. This Bull Market is not over yet $BTC #Crypto #Bitcoin
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