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US elections are approaching. Many investors, along with ordinary men, want to know the future of cryptocurrency after the polls. So, here is today’s read that explores the US elections and their impacts on the crypto market, crypto adoption, and investment opportunities.
US Election 2024
The topic of US elections is always debatable. This time, it is spiced up by linking it with the cryptocurrency domain. In this regard, ordinary men, industry experts, and investors are curious and concerned whether the crypto business will remain the same after the elections. US polls typically have no significant connection with the crypto market, but knowing how it will impact is substantial.
The crypto community has gained much popularity among US inhabitants. Industry experts predict that the election result will undoubtedly influence the future of digital assets. But in what way and how much is still in the minds of many, specifically pro-crypto persons?
Regulatory Changes Ahead
Avinash Shekhar, cofounder and CEO of Pi42 pinpoints that US elections impact the crypto domain entirely and change investors' decisions and laws regulating crypto. Ultimately, they will make or break the deal with investor sentiment and digital asset progress.
Pro-Crypto Candidates and Widespread Adoption
As you know, the US industry consists of pro-crypto candidates, whereas there are others for whom the crypto sphere is normal. At this point, experts monitor the political developments and anticipate that the presidential election movement will shift toward where people reside to honour state affairs and cryptocurrency. If pro-crypto leaders hold the country set up, it will revolutionise and improve the crypto community more than ever.
Reverting to the topic of US elections, the CEO and founder of Appreciate brings up the past idea and says that the prevailing party loses 70% of the time when its economy does not perform well. So, predicting the outcome of the election becomes even more critical.
Approval of Bitcoin and Ether ETFs
The US has already approved the significance of Bitcoin and Ether exchange-traded funds. It is indeed a sign of a milestone for the crypto sphere. Industry experts have faith that a crypto-friendly government will take further steps in making digital business up to the sky. Not only this, but it leads to advantageous crypto legislation and widespread acceptance.
Optimism of Experts
The cryptocurrency market, including investors and traders, is optimistic as the elections approach. They believe that regulatory changes will happen after the elections if they are pro-crypto. This will help grow the digital asset market and limit the associated risks. Apart from the predictions, one thing is clear: the US election result will change the cryptocurrency market's future. Let’s hope it will change for good; otherwise, the survival of crypto will knock the danger threshold.
