The election is less than a week away and Bitcoin and gold are making big gains. Over the past 30 days, gold’s value increased by 3.6% against the U.S. dollar and it’s up nearly 20% over the last six months. Bitcoin hit its priciest level since the spring on Tuesday. Oct. 29. It went up 6%, surpassing $73,000.
Experts are already speculating about how cryptocurrency will respond when a new president is elected.
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If former President Donald Trump wins, crypto experts said there could be an immediate surge in Bitcoin’s price. That would uplift the whole crypto market, according to experts.
They said this is because he embraces crypto as part of his campaign, even accepting donations in different cryptocurrencies, including Bitcoin and Dogecoin.
Trump also said he would start a national Bitcoin reserve if he were elected again.
If Vice President Kamala Harris wins, many trading experts expect an immediate dip in cryptocurrency’s price. However, that could be followed by a rebound later.
Harris hasn’t said much about crypto. Recently, she addressed the topic, calling for stronger regulatory oversight of the crypto market.
If it’s a contested election, experts said Bitcoin may be a preferred asset for traders looking to capitalize on potential price swings.
Tags: 2024 Elections, Bitcoin, Cryptocurrency, Donald Trump, Economy, Gold, Kamala Harris, Stock Market
[Craig]
WITH THE ELECTION LESS THAN A WEEK AWAY – BITCOIN AND GOLD ARE MAKING BIG GAINS.
OVER THE PAST 30 DAYS, GOLD’S VALUE INCREASED BY 3-POINT-6 PERCENT AGAINST THE U-S DOLLAR AND IT’S UP NEARLY 20 PERCENT OVER THE LAST SIX MONTHS.
BITCOIN HIT ITS PRICIEST LEVEL SINCE THE SPRING ON TUESDAY … RISING SIX PERCENT AND TOPPING 73-THOUSAND DOLLARS.
NOW, MANY ARE WONDERING ABOUT THE FUTURE OF BITCOIN ONCE A 47-TH PRESIDENT IS ELECTED.
IF DONALD TRUMP WINS – CRYPTO EXPERTS SAY THERE COULD BE AN IMMEDIATE SURGE IN BITCOIN’S PRICE … WHICH WOULD UPLIFT THE WHOLE CRYPTO MARKET.
TRUMP DOES EMBRACE CRYPTO AS PART OF HIS CAMPAIGN.
HE EVEN ACCEPTS DONATIONS IN DIFFERENT CRYPTOCURRENCIES INCLUDING BITCOIN AND DOGECOIN.
TRUMP ALSO SAYS HE WILL START A NATIONAL BITCOIN RESERVE IF HE WERE ELECTED AGAIN.
IF KAMALA HARRIS WINS, MANY TRADING EXPERTS EXPECT AN IMMEDIATE DIP IN CRYPTOCURRENCY’S PRICE … THAT COULD BE FOLLOWED BY A REBOUND LATER.
HARRIS HASN’T SAID MUCH ABOUT CRYPTO, BUT RECENTLY ADDRESSED THE TOPIC CALLING FOR A STRONGER REGULATORY OVERSIGHT OF THE CRYPTO MARKET.
IF IT’S A CONTESTED ELECTION … EXPERTS SAY BITCOIN MAY BE A PREFERRED ASSET FOR TRADERS LOOKING TO CAPITALIZE ON POTENTIAL PRICE SWINGS.
FOR SAN I’M … CRAIG NIGRELLI.
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