Bernstein Positive For Market 2024 Now
According to the survey, market opinion indicates that a Trump election victory would be good for cryptocurrencies, while a Harris win would be pessimistic.
According to Bernstein’s analysis, the sentiment in the cryptocurrency market suggests that a Trump victory would be a more optimistic result.
The broker reports that when polls and Poly market odds moved in favor of Harris, bitcoin fell.
According to the broker, Trump fans have referred to the change in odds as the first honeymoon phase.
According to market sentiment, a Donald Trump victory in the US elections in November would be bullish for cryptocurrency markets, while a Kamala Harris victory would be bearish, according to a research paper released on Monday by Wall Street broker Bernstein.
The world’s largest cryptocurrency, according to the broker, is expected to “remain rangebound until there is a clearer election signal.” The broker added that bitcoin has declined in response to the move in Poly market odds and surveys in favor of Harris.
Continue Reading: Kamala Harris Outperforms Trump On Poly Market
A prediction market called Poly market lets users wager on how future events will turn out.
According to the paper, Republicans who favor them have referred to this as the “first honeymoon phase” and claimed that Poly market odds are manipulate bleb.
According to Bernstein, Trump’s administration has communicated with businesses operating in the Cryptocurrency space, bitcoin (BTC) miners, and the general public while being very loud about its approach.
Analysts lead by Gautam Chobani noted, “The Trump-led Republican side has made a strong pitch to crypto voters by promising favorable policy for bitcoin and crypto innovation, even teasing a potential national bitcoin reserve.
“In a speech last month at the Bitcoin Conference in Nashville, former President Trump pledged to keep a strategic national bitcoin reserve and declared that, should he be elected again, he would never sell the government’s seized bitcoin.
Continue reading: Supporting the U.S. Bitcoin Reserve, Trump claims that a Democratic victory will be disastrous for cryptocurrency, saying that “all of you will be gone.”
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