As the US election is in full swing, market volatility has intensified. Last Friday, the S&P index plummeted, and the stock market recorded its biggest drop in a year and a half for the whole week!
This is not only due to the weak non-farm payroll data, but also the uncertainty brought about by the general election has put tremendous pressure on investors, and market sentiment has suddenly become tense.
This Wednesday at 9 a.m., Trump and Harris will have their much-anticipated second debate in Philadelphia. This will be Harris' first head-to-head confrontation since she became the Democratic candidate, and it is bound to be a contest full of gunpowder!
Meanwhile, a forecast from brokerage firm Bernstein provides more suspense about where Bitcoin might go next: If Trump wins the November election, Bitcoin could soar to a staggering $90,000.
If Harris wins, although Bitcoin may pull back, it is still expected to remain in the range of $30,000 to $40,000.
Trump has frequently mentioned digital assets in many of his speeches, vowing to make the United States a "global Bitcoin and cryptocurrency center."
At the Bitcoin conference, he publicly stated that he would push the United States to the pinnacle of cryptocurrency, supported the establishment of a national Bitcoin reserve, and even promised to appoint a cryptocurrency-friendly SEC chairman.
In contrast, Harris' attitude towards cryptocurrency seems cold and he has rarely mentioned related issues in public.
Although cryptocurrencies have faced dual resistance from macroeconomics and regulation in the past three years, analysts believe that if crypto policies are supported, Bitcoin may usher in a new period of explosive growth. How Trump's coming to power will boost the crypto market has become a hot topic in the industry.
Regardless of the outcome, Trump's enthusiasm for Bitcoin has brought positive signals to the crypto industry. His policies will directly affect the future trend of Bitcoin.
Therefore, paying attention to this debate and the presidential campaign may be the key to understanding the future direction of the crypto market!
On the evening of September 10, Trump and Harris will engage in a heated 90-minute debate on key issues such as economy and trade.
Trump has long advocated a high tariff policy, calling for tariffs of 10% to 20% on all imported goods.
Harris, on the other hand, prefers a moderate trade strategy and advocates a "small courtyard with high walls" technology protection policy. These two completely different economic propositions will undoubtedly play an important role in the future development of the encryption industry.
For the crypto market, this debate will not only affect the political landscape, but may also determine the fate of Bitcoin. No matter who wins in the end, this debate will bring new opportunities and challenges to the crypto industry.
The article will be shared here for now; if you want to know more exciting events in the circle, you can join the community for consultation!
