Will BTC Rally Ahead of 2024 US Election?

Bitcoin has become a major talking point in not only the crypto world, but the entire financial world in 2024. The leading cryptocurrency by market capitalization exploded in price in March thanks to the arrival of the Spot Bitcoin ETF. The asset managed to reach a new all-time high of $73,000 in March but has remained around the $60,000 level since then.

Crypto has become a talking point in the US government as well as during the ongoing elections. Republican candidate Donald Trump has made many promises to support cryptocurrencies, especially Bitcoin. He also spoke at last summer's Bitcoin Conference in Nashville, TN, further praising the asset and asserting it as a currency that could help the US Dollar.

People hope that there will be a big price jump if Donald Trump is elected President of the United States. Some people believe that Bitcoin will hit an all-time high if Trump scores big. However, things could change if Vice President Kamala Harris is elected in November. Due to the lack of a friendly approach towards crypto, many believe that the upcoming elections may affect the performance of Bitcoin and cryptocurrencies for the next few years

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