Bernstein: The market expects a Trump victory, which will benefit BTC ... no change in expectations
CryptoNewsTerminal Staff19 Aug, 2024
Bernstein: The market expects a Trump victory, which will benefit BTC ... no change in expectations
According to Decrypt, a report by Bernstein, an American Wall Street investment bank, diagnosed that the potential victory of Donald Trump could lead to a rise in major cryptocurrency prices. The report stated that "the cryptocurrency market is interpreting a Republican victory as the only way for a cryptocurrency policy. The market still believes that if Trump wins, it will benefit Bitcoin." Many cryptocurrency experts believe that the outcome of the US presidential election could have a significant impact on the cryptocurrency market. A Trump victory could lead to a rise in cryptocurrency prices, as the market expects a more favorable regulatory environment. A Biden victory could lead to a more cautious approach to cryptocurrency regulation, which could slow the growth of the market.
