Altcoins Could Do Well if Republicans Win, Bitcoin the Safe Bet if Democrats Retake White House: Alex Krüger
A broadly adopted economist believes that the end result of this November’s US presidential election may have important ramifications for the crypto market.
In a brand new interview on the Unchained Podcast YouTube channel, economist Alex Krüger says that altcoins will doubtless fare higher if former US president and Republican nominee Donald Trump prevails.
Nonetheless, if the Democratic nominee and present Vice President Kamala Harris wins, he says Bitcoin (BTC) would doubtless be the greatest market performer.
“If the Democrats win, you need to do Bitcoin. And if Republicans win, it must be a wager on the Solana ETF (exchange-traded fund) and on altcoins on the whole. Possibly it is a good alternative to speak about DeFi (decentralized finance)…
There’s a narrative build up in crypto, principally speaking about how pretty valued or engaging some DeFi names are. And if that have been to be the case, it could make sense for that area of interest to do nicely below Trump with a view that principally Republicans are pro-crypto, and Harris is in opposition to [it], and Bitcoin just isn’t essentially crypto. Bitcoin is digital gold. In order that’s the reasoning.”
He additionally says that the crypto market will doubtless expertise volatility on election evening as vote outcomes begin coming in.
“It is going to be such a big trade election night… That’s a moment if you’re trading, you want to stay up all night long, and when the odds are tilting one way or another, you really jam it like max long or the opposite.”
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