November 5th. Bitcoin and the US presidential election.
It seems that this US election will not end with a clear victory for Trump, for which markets, including American stocks and Bitcoin, have been preparing over the past week.
If Harris wins, markets will likely react with panic and move further down, continuing the current trend. However, over time, they realize that the coming huge amount of stimulus money will again pump up assets.
Therefore, we should expect a lot of volatility in the short term, but keep in mind that the long-term growth potential is still there. Greater volatility will be caused not only by the election result, but also by the likely interest rate cut by the US Federal Reserve this Thursday.
→ If Harris wins, a dump is possible, then consolidation and a pump.
→ If Trump wins, there will probably be a pump, and then an even bigger pump.
Good luck everyone, and get ready for the upcoming DCA opportunities and an even more exciting future for Bitcoin! 0 reply
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