First, I have answered this question countless times in my live broadcasts. Bitcoin has become a strongly correlated index with the U.S. economy, U.S. stock market trends, and U.S. Treasury yields. After Bitcoin and the digital currency market ETF are approved and form a positive correlation ⚠️
That is, a favorable U.S. economy = a great boost for the U.S. stock market = a great boost for Bitcoin. Based on this, we will look at these two presidential candidates. Whether it is Trump or Harris, both are strong advocates of trade protectionism and firmly support protecting U.S. domestic industrial enterprises.
So in conclusion, fundamentally, regardless of who is elected, it will be beneficial for the crypto market in the long term over the next 1 to 3 years 📈📈📈
Specifically, it should manifest as a quick decline in Bitcoin shortly before the election announcement 📉 or a decline shortly after the announcement to wash away panic emotions, followed by a quick stop and start to recover and rise 📈. This is what I think the trend of Bitcoin will be during the U.S. election ⚠️⚠️⚠️⚠️
The only difference is who is elected, which will immediately reflect differently on Bitcoin. First, Trump is very aggressive in advocating for trade protection and immediately imposes a 60% tariff indiscriminately after taking office, and he is a clear supporter of cryptocurrencies. If Trump comes to power, the crypto market could experience a sharp rise in a short time📈
So if Harris comes to power as a trade protector, but his protective measures are limited to high-tech industries, his economic stimulus will be relatively slow. At the same time, Harris is not a supporter of cryptocurrencies but recognizes their status, so it will not have a substantial impact on Bitcoin. However, this may be reflected in the slower increase of Bitcoin, and its rise will not be as aggressive as when Trump was in office📈
