Bitcoin to Experience Post-Election Rally Due to Mounting US Debt

Bitcoin’s price is poised to benefit from the upcoming United States presidential election, regardless of the winner, according to CK Zheng, the investment chief at ZX Squared Capital. Zheng explained that the impact of April’s Bitcoin halving event has historically resulted in strong fourth quarters. He noted that both US presidential candidates have not adequately addressed a significant issue that could favor Bitcoin. “As both Republican and Democratic parties do not appropriately address the ever-increasing US debts and deficits during this election, this will be very bullish for Bitcoin especially post the US election,” Zheng stated. Bitcoin (BTC) has historically

Source: CryptoIntelligence