If Harris is elected, will a black swan come?
I saw a chart earlier that said if Trump is elected, BTC will go to £200,000, and if Harris is elected, BTC will go to zero.
Haha, this is purely a joke.
If Trump is elected, the policies will be favorable for crypto, because Trump has previously claimed he wants to make BTC a national reserve currency.
This is quite strong; it could change the nature of crypto!
From something that has been treated as a scam for decades to suddenly being recognized as legitimate!
Harris, on the other hand, is clearly not very friendly towards crypto! More importantly, she has claimed she wants to impose a capital gains tax on the wealthy!
This is also why Buffett has been frantically selling U.S. stocks lately, because if this capital gains tax is implemented, the rich will have to sell assets to raise cash to pay the taxes.
Redistributing wealth will inevitably trigger a wave of selling!
However, during the current rate-cutting cycle, as long as interest rates do not quickly drop below 4%, the overall crypto market will remain stable! Don't worry!
This expectation means that global assets can maintain a relatively easy profit-making phase!
But! If the Federal Reserve completes its rate cuts and returns to its most favorable interest rate between 3%-4%! Then it will have to enter a bear market.
#BabyMarvin F9c7