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Trump or Harris: Does It Matter for Bitcoin?

  • The outcome of the U.S. elections may or may not have a material impact on financial market dynamics, including crypto.
  • Data for traditional financial markets does not show a clear correlation between a Republican or a Democrat presidency and market performance.
  • Regulation issues, particularly regarding the SEC's stance on crypto, may be more influential for the crypto market than the presidential election.
  • While Trump has been perceived as more crypto-friendly, the long-term positive catalyst for crypto will likely be the beginning of the rate-cut cycle in major economies.

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