$BTC
Popular quant analyst PlanB predicts Bitcoin's next bull run will be sparked by the US presidential election in November. Large buyers, or "whales," are waiting for the election outcome before investing, as a Democratic win, specifically a Kamala Harris victory, could negatively impact Bitcoin.

PlanB's theory suggests these whales are cautious about investing before the election, opting to wait for clarity and certainty instead. This cautious approach might be the reason behind Bitcoin's sideways price movement over the past eight months. Interestingly, Kamala Harris has pledged to support crypto and AI industries if she wins, incorporating them into her "opportunity economy" agenda.

However, experts like Cardano creator Charles Hoskinson are skeptical about a potential change in the Democratic party's stance toward crypto, given their history of stifling industry growth through regulation. Historically, Bitcoin has seen significant upside bursts after prolonged uncertainty. PlanB notes that Bitcoin's price action is typically boring, with gains concentrated in short periods, often following halving events.

The US presidential election, halving events, and regulatory environment are key factors influencing Bitcoin's price. With the current price at $62,010.83, will Bitcoin surge in the next 24 hours?
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