The approaching US presidential elections are being closely watched by analysts, who believe that the outcome could have a significant impact on the future of Bitcoin.
Former President Donald Trump's support for cryptocurrencies, after previously criticizing them, could potentially raise the value of Bitcoin if he is successful in his efforts to attract crypto supporters.
Vice President Kamala Harris's willingness to discuss digital currencies and seek crypto votes suggests a more favorable regulatory environment for Bitcoin if she were to win.
Bitcoin is currently trading around $67,685, and some analysts predict it may soon surpass its all-time high. Institutional investors are showing increasing optimism towards Bitcoin, as evidenced by recent inflows into Bitcoin ETFs.