FBS, a leading global broker, presents an overview offinancial market trends in the context of the 2024 US presidential elections.FBS financial market analysts particularly underscore the rising investmentpotential of Bitcoin in the context of Harris-Trump uncertainty.

FBSanalysts highlight that financial markets are experiencing turbulent times andinvestors are looking for safe-haven assets like gold and government bonds.According to the FBS experts, cryptocurrencies, particularly Bitcoin, becomemore appealing. FBS financial market analysts have explored Bitcoin’shistorical performance during past US elections and speculated on its potentialrole in 2024.

In previous election cycles, Bitcoin’s price reactions topolitical events have varied:

• In 2012, during Barack Obama’s re-election, Bitcoin had little market impact due to its developing status.
• By 2016, following Donald Trump’s victory, Bitcoin gained institutional recognition, with its price rising as a hedge against economic uncertainty.
• In 2020, amid the COVID-19 pandemic, Bitcoin surged after Joe Biden’s election, driven by inflation fears and institutional adoption.

For the 2024 election, Bitcoin’s potential as a safe havenis under debate. While its correlation with traditional risk assets hasweakened, its volatility remains high. With market capitalization reaching $600billion in 2024 and daily trading volumes up 25% year-on-year, institutionalinvestors increasingly view Bitcoin as a hedge against geopolitical risks andinflation.

FBS analysts warn that the 2024 US presidential electioncould significantly influence Bitcoin’s future:

• A victory for Kamala Harris may bring balanced regulation that fosters innovation but could also raise compliance costs for US-based exchanges.
• Donald Trump’s platform includes encouraging Bitcoin mining and lowering capital gains taxes, which could increase demand for cryptocurrencies.

Regardless of the 2024 US presidential election outcome, FBSanalysts recommend a cautious yet strategic approach to trading. Monitoringpolitical developments closely is critical, as shifts in policies or candidatestandings can create significant price swings. Traders are encouraged toconsider short-term opportunities in cryptocurrency markets, particularlyBitcoin, which has shown resilience and growth potential during past electioncycles. Employing risk management tools, such as stop-loss orders, is alsovital to mitigating downside risk during this unpredictable period.

FBS analysts believe Bitcoin’s long-term position in thefinancial markets is solidified. Growing institutional interest points to itspotential as a legitimate hedge against macroeconomic risks.

Disclaimer: This material does not constitute a call totrade, trading advice, or recommendation and is intended for informationalpurposes only.