If Harris is elected president, will the cryptocurrency market usher in a "black swan"?
Recently, a picture has been circulating on the Internet, predicting that the price of Bitcoin will soar to $200,000 after Trump is elected president, while Harris's election may cause the price of Bitcoin to return to zero. This prediction is obviously mostly a joke.
If Trump is elected, his policies may be beneficial to the cryptocurrency market. Trump has publicly stated that he intends to include Bitcoin in the national reserve currency system. This statement will undoubtedly greatly change the market position of cryptocurrency, turning it from a long-misunderstood "scam" to a highly watched "regular army".
In contrast, if Harris is elected, her attitude towards cryptocurrency may be more conservative. More worryingly, she has proposed to tax the asset gains of the rich. This policy trend coincides with Buffett's recent large-scale selling of US stocks, because once the asset gains tax is implemented, the rich may choose to sell assets to raise cash to pay taxes, thereby triggering a round of selling.
However, in the current context of global interest rate cuts, as long as interest rates remain above 4%, the overall performance of the crypto market remains robust. This expectation of a rate cut provides a relatively loose investment environment for global assets, allowing investors to operate in a relatively easy-to-profit stage.
However, it should be noted that once the Fed completes the rate cut cycle and adjusts the interest rate to the most favorable range of 3%-4%, the cryptocurrency market may face the risk of a bear market. Therefore, we should make full use of the current cycle of expected rate cuts, seize the bull market opportunities, and realize the profit.
Now that Bitcoin has reached around $70,000, altcoins will begin to explode one after another. I have carefully selected a currency with an expected tenfold increase for everyone! Comments + likes for those who want to follow, free sharing!
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