The Bitcoin Indicator
The US election is running. We will have to wait until tomorrow before we will get some reliable results, maybe even longer since there is a lot of postal votes to count.
In the meantime I think Bitcoin price is a good indicator about who will most likely make it. Trump is clearly pro Bitcoin and pro crypto so prices will most probably rallye once it gets clear he will make it. So above 70k is Trump area.
On the other hand we will certainly see a drawdown if Harris wins, since she is rather sceptical towards crypto and stands for the current regulation path. So in my view we could fall towards 65k or even lower should Kamala make it to the White House.
All we can do now is wait, and watch the Bitcoin price. 😅
☝🏻 PS: This is all shortterm view. Longer term it won’t matter much who will be US President, Bitcoin price will rise since it is mainly driven by M2 money supply, which will expand in any case.
