This is your captain speaking: Due to regulatory uncertainties regarding who will win the U.S. presidential election on Tuesday, Bitcoin’s price has fallen back to $70,000 under further notice — please HODL.
Bitcoins’ price almost hit an all-time high above $73,770 this past week. It was just $200 shy of $73,500. As I noted Markets had priced in Trump’s win last week. His positive policy towards Bitcoin and financial markets would be implemented.
There’s an air of hope that Kamala Harris could still be the winner, despite the fact the election is only 4 days away. overtakes Trump’s odds to win swing states Wisconsin, Michigan and Wisconsin are high.
The race is much closer than the market has predicted in the past few weeks.
Many expect BTC to increase if Trump is elected due to the favorable policies that he promised to implement. Bitcoin could grow dramatically and $800 billion Standard Chartered bank. predicted Prices will rise to $125,000 if Republicans win the next election.
Harris’ victory could change the outcome. Voters can assume that, due to the fact she has no policy at all (let alone a good one) around Bitcoin, the Democrats will continue their 4-year-long attack on Bitcoin.
The fact that she has never spoken the words Bitcoin in public, either on video or by writing, is amazing. $700 billion wealth manager Bernstein said As early as September this year, Harris said that Bitcoin’s price might drop as low as $30,000 if he wins.
My guessing that Bitcoin would drop to $30k is a little hyperbolic. I don’t think it will. It would delay the new high by at least a year. But I’d love to be proven wrong.
Regardless of what happens in this election, I’ll be hoarding bitcoins. Although the price of bitcoin may be volatile in the near future, this asset is still a good investment to have during uncertain times. This is an era of great uncertainty in which the US industry will be shaped.
With that all said, a new all time high has been postponed until further notice — please HODL.
This is not a good article. Take. Opinions are those of the individual author and may not reflect BTC Inc.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: bitcoinmagazine.com
