Bitcoin's future remains a focal point for investors. One of the main uncertainties is the results of the upcoming US elections and the FED's interest rate decision.
Awaiting the FED Decision and Presidential Election
Investors are currently waiting for the FED's interest rate decision to be announced next week and the results of the US presidential election. These events are expected to significantly influence the Bitcoin price in the short term.
Steven Lubka’s Opinion
Steven Lubka, the manager of Bitcoin savings company Swan, claimed that Bitcoin would reach six-digit figures by 2025, regardless of the winner of the US election. Speaking to CNBC, Lubka stated that political partisanship is not a significant factor in Bitcoin's long-term growth.
Bitcoin Price Forecast
Lubka believes that while a Trump victory might trigger a short-term price increase and a Harris victory a short-term decrease, the election winner is not a determining factor for Bitcoin's price in the medium term. He also mentioned that concerns about a drop in Bitcoin price if Harris wins are overblown and expects BTC to rise through spot ETFs.
Thus, regardless of the political outcome, the forecasts for Bitcoin remain positive, and investors can expect the cryptocurrency's value to grow in the coming years.
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