Future

Bank

Bitcoin

Notable

Bitcoin's future may be closely linked to the outcome of the upcoming US presidential election, according to a research report by investment bank Jefferies. 
<h2 id="bitcoin-s-future-may-depend-on-us-election-results">Bitcoin's Future May Depend on US Election Results</h2> 
The report suggests that recent shifts in political attitudes towards cryptocurrency, particularly by former President Donald Trump, could significantly impact Bitcoin's price in the near term. 
The Bitcoin Nashville conference last week was attended by many prominent political figures, including Trump, underscoring the growing political interest in the cryptocurrency. 
Jefferies analysts Jonathan Petersen and Joe Dickstein noted that Trump's nascent support for the crypto industry could impact Bitcoin's price depending on the outcome of the election. 
Related News: <a href="https://en.bitcoinsistemi.com/planb-reveals-the-date-he-claims-bitcoin-price-will-double/" target="_blank" rel="dofollow">PlanB Reveals the Date He Claims Bitcoin Price Will Double</a> 
In his speech at the conference, Trump made various promises aimed at supporting the cryptocurrency industry. He has pledged to maintain a strategic Bitcoin reserve, refrain from selling Bitcoin confiscated by the government, and appoint crypto-friendly regulators. 
He also proposed creating a crypto industry presidential advisory council and positioning the US as the “crypto capital of the planet.” 
The report also pointed to ongoing consolidation in the Bitcoin mining industry. Notable mergers and acquisitions include CleanSpark's acquisition of GRIID and Riot Platforms' public bid for Bitfarm, which was ultimately rejected. 
Analysts suggest that access to power is becoming more valuable than the mining fleets themselves, indicating a potential shift in the industry's focus. 
As the US elections approach, the intersection of politics and cryptocurrency could become increasingly influential in shaping the future of digital assets like Bitcoin. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/according-to-the-research-report-of-investment-bank-jefferies-us-elections-will-determine-the-future-of-bitcoin-here-are-the-details/">According to the Research Report of Investment Bank Jefferies, US Elections Will Determine the Future of Bitcoin! Here are the Details</a>

According to the Research Report of Investment Bank Jefferies, US Elections Will Determine the Future of Bitcoin! Here are the Details

Indice dei contenuti

Bitcoin Sistemi EN

Altri articoli pubblicati su 30 lug 2024

Trump Gains Support from Cryptocurrency Advocates

XRP Up More Than 4% In 24 hours

Trump vs SEC (TRUMPSEC) Will Explode 19,000% Before Exchange Listings, While Shiba Inu and Dogeco...

Trump Vows to Make U.S. ‘Crypto Capital of the World’ if Elected; Promises Bold Bitcoin Policies ...

Bitcoin On Verge Of Extreme Greed: What This Means For Price

Rollblock Set to Capture Large Share of $450B Industry; Toncoin (TON) and VET Reverse Gains

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!