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FBS, a leading global broker, presents an overview of
financial market trends in the context of the 2024 US presidential elections.
FBS financial market analysts particularly underscore the rising investment
potential of Bitcoin in the context of Harris-Trump uncertainty.
FBS
analysts highlight that financial markets are experiencing turbulent times and
investors are looking for safe-haven assets like gold and government bonds.
According to the FBS experts, cryptocurrencies, particularly Bitcoin, become
more appealing. FBS financial market analysts have explored Bitcoin’s
historical performance during past US elections and speculated on its potential
role in 2024.
In previous election cycles, Bitcoin’s price reactions to
political events have varied:
- In
2012, during Barack Obama’s re-election, Bitcoin had little market impact
due to its developing status. - By
2016, following Donald Trump’s victory, Bitcoin gained institutional
recognition, with its price rising as a hedge against economic
uncertainty. - In
2020, amid the COVID-19 pandemic, Bitcoin surged after Joe Biden’s
election, driven by inflation fears and institutional adoption.
For the 2024 election, Bitcoin’s potential as a safe haven
is under debate. While its correlation with traditional risk assets has
weakened, its volatility remains high. With market capitalization reaching $600
billion in 2024 and daily trading volumes up 25% year-on-year, institutional
investors increasingly view Bitcoin as a hedge against geopolitical risks and
inflation.
FBS analysts warn that the 2024 US presidential election
could significantly influence Bitcoin’s future:
- A
victory for Kamala Harris may bring balanced regulation that fosters
innovation but could also raise compliance costs for US-based exchanges. - Donald
Trump’s platform includes encouraging Bitcoin mining and lowering capital
gains taxes, which could increase demand for cryptocurrencies.
Regardless of the 2024 US presidential election outcome, FBS
analysts recommend a cautious yet strategic approach to trading. Monitoring
political developments closely is critical, as shifts in policies or candidate
standings can create significant price swings. Traders are encouraged to
consider short-term opportunities in cryptocurrency markets, particularly
Bitcoin, which has shown resilience and growth potential during past election
cycles. Employing risk management tools, such as stop-loss orders, is also
vital to mitigating downside risk during this unpredictable period.
FBS analysts believe Bitcoin’s long-term position in the
financial markets is solidified. Growing institutional interest points to its
potential as a legitimate hedge against macroeconomic risks.
Disclaimer: This material does not constitute a call to
trade, trading advice, or recommendation and is intended for informational
purposes only.