CandleFocus US markets, Bitcoin poised for rally regardless of elections outcome
2024-11-05
Author: Content Editor
Fundstrat Global Advisors' Tom Lee and analysts from Bernstein are predicting strong markets heading into 2025, regardless of the outcome of the US presidential election. Lee expects a broader market rally across sectors, citing favorable economic fundamentals and a dovish Federal Reserve position. He believes sidelined cash could flow back into the market once election-related uncertainty clears up. Bernstein, on the other hand, highlights Bitcoin's resilience amid political uncertainty and sets a price target of $200,000 for Bitcoin by 2025. They see Bitcoin as the most resilient crypto asset and anticipate its appeal in an environment of fiscal indiscipline and monetary expansion. Bernstein also notes that Bitcoin's recent ETF adoption and potential election outcomes may impact its price in the short term.
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