First of all, I have answered this question countless times in the live broadcast. Bitcoin has become a strongly correlated index with the US economy, US stock trends, and US bond yields. After Bitcoin and the digital currency ETF are approved and form a positive correlation ⚠️
That is, a favorable US economy = great benefit for US stocks = great benefit for Bitcoin. Based on this, we will look at these two presidential candidates. Whether it is Trump or Harris, both are staunch trade protectionists, strongly advocating for the protection of American industrial enterprises.
So in conclusion, essentially, regardless of who is elected, in the long term, it will benefit the crypto market in 1 to 3 years 📈📈📈
In terms of specific market performance, it should be that just before the election announcement, Bitcoin will quickly drop 📉, or shortly after the announcement, it will drop to wash out panic emotions and create a sell-off, then quickly stop the decline and start to recover and rise 📈. This is what I believe the trend of Bitcoin will be during the US election ⚠️⚠️⚠️⚠️
The only difference is who is elected, which will immediately reflect in the reaction of Bitcoin. First, Trump is extremely aggressive in advocating trade protection and immediately imposed a 60% tariff indiscriminately after taking office. He is also a clear supporter of cryptocurrency. If Trump takes office, the crypto market may experience a sharp rise in a short period 📈
So if Harris takes office and is also a trade protector, but his protection measures are limited to high-tech industries, his economic stimulus will be relatively slow. At the same time, Harris is not a supporter of cryptocurrency, but he recognizes its status, so it will not bring substantial impact to Bitcoin. It may only manifest in a slower increase in Bitcoin's value, and the rise of Bitcoin will not be as intense as it was when Trump took office 📈
