CandleFocus Executive Managing $226 Million Reveals “Scenario That Will Skyrocket Bitcoin Price”
2024-10-10
Author: Content Editor
According to Adam Guren, chief investment officer at Hunting Hill, Bitcoin could experience a surge if the November U.S. election is controversial. Guren believes that the uncertainty surrounding the election could disrupt capital markets and slow down the American economy, leading to further rate cuts by the Fed. Historical data suggests that rate cuts have resulted in higher cryptocurrency prices. The upcoming election is of interest to crypto investors, as both former President Donald Trump and Vice President Kamala Harris have expressed support for the sector. However, Guren warns of potential market turmoil if the election results are disputed. The uneasiness in the market is already reflected in the CBOE Volatility Index (VIX) and the Nations TailDex. The Fed's aggressive rate-cutting cycle and the potential for further cuts could significantly boost Bitcoin prices, especially if real interest rates become negative.
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