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Dean Skurka, President and CEO of WonderFi, a digital financial services company, believes that interest rate cuts in Canada and the United States, as well as the upcoming 2024 US presidential election, will continue to drive Bitcoin prices higher in the next 6-24 months. Skurka explained in an interview with Cointelegraph that the Bank of Canada's recent decision to cut interest rates by 50 basis points, as well as the Federal Reserve's ongoing rate cut plan starting in September 2024, will encourage retail and institutional investors to enter the market or increase their existing positions. Skurka also emphasized that the upcoming 2024 US presidential election is the main catalyst for Bitcoin prices, and the cryptocurrency industry believes that Trump's election as president will benefit cryptocurrency, while Harris' victory may cause a price shock in the short term. @uogs3m0nbj
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