Today is election day, and as voters head to the polls, cryptocurrency and Bitcoin are within the highlight like by no means earlier than.
Digital belongings, as soon as scoffed at for being the cost methodology for unlawful transactions, have turn out to be a key matter on this election.
The large query circulating amongst buyers and merchants at the moment:
Will the end result of this election impression Bitcoin and the broader cryptocurrency market?
The reply is easier than it might sound.
No. The end result of the election is not going to impression the long run outlook of Bitcoin and the broader cryptocurrency market.
Right here’s why Bitcoin will possible proceed to rally, no matter who claims victory.
Why Bitcoin’s Rally Isn’t Political
At this stage, Bitcoin is a world asset with worth pushed by components that go far past nationwide elections.
Institutional funding, inflationary issues, and Bitcoin’s decentralized construction all play a extra important function in figuring out its long-term route.
Institutional Funding and Adoption: Over current years, main establishments have more and more added Bitcoin to their portfolios. Asset managers…
