CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CryptoIntelligence 2024-09-30 17:22:00

Bitcoin to Experience Post-Election Rally Due to Mounting US Debt

Bitcoin’s price is poised to benefit from the upcoming United States presidential election, regardless of the winner, according to CK Zheng, the investment chief at ZX Squared Capital. Zheng explained that the impact of April’s Bitcoin halving event has historically resulted in strong fourth quarters. He noted that both US presidential candidates have not adequately addressed a significant issue that could favor Bitcoin. “As both Republican and Democratic parties do not appropriately address the ever-increasing US debts and deficits during this election, this will be very bullish for Bitcoin especially post the US election,” Zheng stated. Bitcoin (BTC) has historically

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.