Trump Or Harris: Bitcoin's Fate May Hang On The U.S. Presidential Election [Forbes]
Signature Bank (SBNY)
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Source: Forbes
AFP via Getty Images We are moments away from a big crypto pump or dump. This will all be down to whether Trump gets elected or whether Harris carries the day. Although Trump is odds on favorite, one day before the big event there is no certainty that he has it in the bag. As such, the market can't know the outcome, and the outcome is therefore not priced in beyond the fact it can go either way, which is in the case of crypto means bitcoin is perched on a ledge between the moon and the dumpster. If you stick to political definitions of right and left, it's a no brainer to understand crypto is Kryptonite to the left but less so to the right. The last few years of ultra-aggressive SEC “regulation by enforcement” is evidence enough that the current administration is out to kill crypto at all costs. That seems like a wild statement, but we saw that policy in action last year with crypto banks Silvergate and Signature Bank's demise accelerating a financial storm that nearly felled t
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