In the wake of the upcoming U.S. elections, speculations are high about its potential impact on cryptocurrency, particularly Bitcoin. The article suggests that a possible re-election of Donald Trump could be beneficial for Bitcoin’s value. The Trump administration’s policies, particularly with regards to increasing national debt and stimulating inflation, are viewed as factors that could potentially drive investors towards Bitcoin as a ‘digital gold’ and safe haven asset.
In addition to this, the current economic uncertainty and instability resulting from the Covid-19 pandemic could also play a role in increasing Bitcoin’s value. The article emphasizes that Bitcoin’s decentralized nature offers a hedge against economic fluctuations and government policies. Therefore, irrespective of the election outcome, Bitcoin might continue to be a preferred investment option for many.
