Ivan on Tech highlighted the critical relationship between Bitcoin’s price and U.S. election outcomes. Currently, Bitcoin’s price is highly correlated with Trump’s election odds. Ivan outlined three scenarios:
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Trump Wins: Expect a major rally in Bitcoin and stocks, fueled by optimism for a crypto-friendly administration and relaxed regulations.
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Kamala Wins: Short-term Bitcoin dip likely due to perceived stricter regulations, potentially extending SEC crackdowns on altcoins.
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Disputed Results: The most concerning scenario, with potential market chaos and significant price drops due to prolonged uncertainty.
Ivan noted that historically, Bitcoin dips before elections but rallies afterward, regardless of who wins. This pattern could repeat in 2024. While Bitcoin remains resilient in the long term, altcoins could face tougher conditions under tighter regulation.
Ivan’s key takeaway: election results may drive short-term market moves, but over time, the macro trend for Bitcoin is bullish as real assets benefit from rising debt and inflation. Stay prepared for heightened volatility ahead.
