Bitfinex believes that the upcoming US presidential election could be a catalyst for Bitcoin's price, potentially surpassing its all-time high. They point to factors such as increased options activity, seasonal strength in the fourth quarter, and the belief that a Republican win would benefit Bitcoin and other risk assets. Volatility is expected to peak around the election, which could lead to price fluctuations but also a potential rally. Bitfinex also notes record-breaking open interest in Bitcoin options, with attention focused on the $80,000 strike price. They highlight Bitcoin's recent resilience and historical seasonality in Q4, particularly during halving years. The report also mentions increased institutional interest in Bitcoin, including Emory University's investment in Grayscale's Bitcoin Mini Trust and Coinbase shares, as well as Microsoft's consideration of Bitcoin as a treasury asset.



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