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Will BTC and Altcoins Rise After the US Elections?

Will BTC and Altcoins Rise After the US Elections?
Will BTC and Altcoins Rise After the US Elections?
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As the US presidential election approaches, discussions on regulatory clarity and the investment environment in cryptocurrency markets are gaining momentum. Bitwise Chief Investment Officer Matt Hougan emphasizes that the regulatory environment that will emerge after the election is especially important for Ethereum and altcoins. Bitcoin (BTC) is considered a commodity by the SEC and CFTC, making it a safer investment vehicle. The high demand for spot Bitcoin ETFs shows that Bitcoin benefits from regulatory clarity. According to Hougan, while these developments strengthen Bitcoin, there are still uncertainties for altcoins. Here are the details….

Bitcoin (BTC) Strong Position

Bitcoin (BTC) has gained regulatory clarity as it is considered a commodity by the SEC . This also increases investor confidence. The increasing interest in spot Bitcoin ETFs indicates that Bitcoin is increasingly being adopted by institutional investors. Hougan says that Bitcoin can succeed regardless of political changes in Washington, adding:

Bitcoin’s success is no longer dependent on Washington; as long as ETF inflows and institutional investor interest continue, Bitcoin will continue to rise.

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Bitwise’s research also supports this view. The increase in Bitcoin ETF demand predicts that Bitcoin will continue to rise in terms of market value. According to some analyzes, the BTC price will even reach $80,000 by the end of 2024.

An Uncertain Future for Altcoins

Bitcoin is trying to benefit from regulatory clarity, but Ethereum and other altcoins will face more regulatory uncertainty in the post-election period. However, Hougan believes that altcoins will be more affected by new regulations. If Donald Trump wins the election and Republicans take control of Congress, it is likely that altcoins like Ethereum will become more attractive to institutional investors as BTC and crypto-friendly legislation is passed. “A Trump win could be a big opportunity for altcoins,” Hougan said, hinting at a possible altcoin rally.

Markets Are Mixed: BTC and ETH Fall, These 2 Altcoins Rise

If regulatory clarity is provided for Ethereum and altcoins, there will be a new rally in the altcoin market. Hougan says that such a regulatory environment will accelerate the adoption of Ethereum. However, he also states that it can cause a general rise in the market. Especially with the interest of institutional investors, there will be a positive movement in the altcoin market. Eyes are on the election results to see what will happen in the crypto markets after the US elections.

US Elections and Investors Eye Bitcoin (BTC)

As we reported at Kriptokoin.com , the impact of the upcoming US elections on Bitcoin is a matter of curiosity, especially for investors. Trump’s statements that “voting preferences should be clear for those who support crypto” increased investors’ interest in Bitcoin. In contrast, Vice President Kamala Harris is more cautious about digital assets. This difference provides important clues about how the election results may affect the crypto market.

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Analysts believe that if an administration that is friendly to cryptocurrencies comes to power, Bitcoin demand will increase even more. Therefore, investors expect more fluctuations in the BTC price after the election. In the event of Trump’s victory, Bitcoin is likely to gain value. This is also of great importance for investors who follow the election process closely.

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Will BTC and Altcoins Rise After the US Elections?
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