US Election 2024 Predicted to Affect Crypto Market

Bittime - The 2024 US election which will take place on November 5 will not only attract the attention of US citizens, but also global market players. 

Many are trying to predict what the outcome of this election will be influence crypto market, especially regarding stocks and digital assets such as Bitcoin. 

US Election 2024: Crypto Market Predicted to Crash

One of the most popular predictions ahead of the 2024 US election is the possibility of a market crash following the announcement of the election results. 

This phenomenon is often referred to as "sell the news", where investors choose to sell their assets after important moments such as elections, which can cause significant price drops. 

Some analysts even mentioned the possibility of a "black swan event", namely an unexpected event that has the potential to shake up the market on a large scale.

Read Also: Trump and Harris Have the Potential to Win the Presidential Election

If Trump Wins the US Election 2024

Another quite popular prediction is the scenario of Donald Trump's victory in the 2024 US election which will provide a positive boost to the market, but only temporarily. 

In this scenario, a Trump victory is thought to create positive sentiment among investors, which is likely to push stock and digital asset prices up temporarily. 

However, after this initial increase, the market is predicted to experience a decline or "pullback" before finally rising again.

It is believed that Trump's victory will provide clarity regarding pro-market economic policies, especially for the large business and industrial sectors.  

If Kamala Harris Wins the US Election 2024

On the other hand, if Kamala Harris manages to win the 2024 US election, some analysts predict that the market will experience a decline. This is due to economic policies which may become tighter. 

Harris' victory is expected to have a negative impact on the stock market and digital assets in the short term.

However, after this initial decline, some analysts expect a slow recovery. 

Assuming that the policies taken by Kamala Harris will support long-term economic sustainability, the market is predicted to recover gradually. 

US Election 2024: Bitcoin Price Always Increases After Elections

In addition to stock-related predictions, there are also views on Bitcoin price patterns in each previous election. 

During three consecutive elections, the price of Bitcoin reached its lowest point at the time of the election, and after that the price of Bitcoin continued to increase without ever returning to that low level.

This pattern makes many investors feel optimistic that Bitcoin prices will experience another big increase after the 2024 US election. 

With the various predictions above, you are advised to remain calm and not make hasty decisions based solely on speculation. 

Markets may be volatile after the election, but the best move is to stick to a solid long-term investment strategy.  

Read Also: Trump's Victory in the 2024 US Election Could Push Bitcoin Prices Up?

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