Popular quant analyst PlanB believes that crypto whales are currently staying on the sidelines to await the outcome of the upcoming US presidential election. PlanB suggests that many large buyers are waiting for the election results in order to have more clarity and certainty before making a move in the market. He also mentions that a Democratic win, particularly with Kamala Harris as Vice President, could potentially be bad for Bitcoin. However, not everyone is convinced that a Democratic victory would lead to positive changes for the crypto industry, as some believe that Democrats have stifled its growth in the past. Despite the current sideways price movement, PlanB remains bullish on Bitcoin, noting that the cryptocurrency has historically experienced significant upside bursts after periods of uncertainty.



Other News from Today