iuo
@oaa
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914 Followers
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According to Cointelegraph, 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. @jaiahaoalns 0 reply
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According to The Wall Street Journal, French users on Polymarket who spent over $30 million betting on Trump's victory claimed that there was "no political agenda". This user said: "My purpose is just to make money". He claimed to be a Frenchman who once lived in the United States and worked as a trader in a bank. It is reported that the user opened a Polymarket account under the names of Fredi9999, Theo4, PrincesCaro, and Michie, and placed a bet on Trump in the 2024 election, with a bet amount of approximately $38 million. According to reports, if this user's expectation of Trump's complete victory comes true, he can receive a return of over $80 million, which is more than twice his investment amount. If Harris wins, the user may lose all or most of their funds, which he claims is the majority of his available liquid assets. @rudro 0 reply
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