Could the US presidential election in November have serious impacts on the cryptocurrency market? According to economist Alex Kruger, the answer to this question is definitely yes. The consequences of the upcoming elections crypto money It could determine whether altcoins or Bitcoin will be the winners in the world. That’s why Krüger’s analysis offers very important tips for crypto investors.
What Might Happen If Donald Trump Wins the Election?
Speaking on the Unchained Podcast, Krüger believes that altcoins will rise if former US President and Republican candidate Donald Trump wins the election. In particular, some ETFs and DeFi (decentralized finance) projects like Solana could benefit from Republicans’ positive approach to crypto. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Kruger“Republicans are pro-cryptocurrency. Harris is against it. Bitcoin is not cryptocurrency, it is digital gold. So if Trump wins, there could be a big opportunity for altcoins and DeFi projects,” he says.
What If Democrats Win?
However, things could change if Democratic candidate and current Vice President Kamala Harris wins. Krüger says Bitcoin would be the safest haven in this case. This could make Bitcoin more attractive, as Democrats see Bitcoin as digital gold rather than cryptocurrency.
So what will happen on election night? According to Alex Krüger, there will be major fluctuations in crypto markets that night. As election results come in, markets will react quickly. This stage will also create a great opportunity for investors.
Advice to Stay Awake on Election Night
Anticipating the volatility that will occur on election night, Krüger advised cryptocurrency investors to stay awake that night and quickly determine their strategies as the results change direction. “We need to focus all our attention on the market that night. As the election results lean to one side, it may be necessary to take positions immediately,” Krüger added.
The upcoming US presidential election could cause major volatility in the crypto world. According to Krüger’s analysis, altcoins will rise with Trump’s victory, while a Harris victory could make Bitcoin a safe haven. FedAfter the interest rate cuts, the most important agenda item in the cryptocurrency world will now be the US elections.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
