Bernstein: If Trump wins the US election in November, it will be good for the cryptocurrency market
2024-08-13 17:58:36
A Bernstein research note noted that a Trump victory in the US election in November would be good for the cryptocurrency market, while a Harris victory would be bad for the market. The report noted that bitcoin weakened after Polymarket odds and polls turned in favor of Harris, and bitcoin is expected to remain range-bound until the election becomes clear. Trump has promised favorable support for bitcoin and crypto innovation in his policies, even mentioning the possible establishment of a national bitcoin reserve.
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