ccording to Tom Lee, Fundstrat’s Global Advisor, there are two major factors that could underpin the next bull run in all markets, and discusses the growing market fundamentals and accommodating Federal Reserve policy. Furthermore, he adds that there is a lot of cash sidelined and ready to be deployed into markets once more certainty and clarity emerges from elections and fed policies.
Bitcoin's Growth Potential
Moreover, Bernstein analysts have stated that Bitcoin may explode to approximately $200 000 by the end of 2025 due to structures like the US fiscal policy, record debt levels, and emerging hard asset demand. This year, the cryptocurrency’s recently received ETF approval attracted inflows of over $23 billion, which further fuels the rally.
Election Impact Scenarios
Some people may say that election outcomes may affect the short-term price change, for example, Trump could reach $80,000-$90,000 while Harris could reach $50,000; however, the forecast is about the long-term stability of Bitcoin and does not take into consideration the short term factors that could affect the price of Bitcoin. Kamala Harris is not as favorable to the cryptocurrency industry as Trump was, hence why more pessimism and selling pressure could be expected if Kamala ends up wining the elections.
Market Outlook
Opinion leaders particularly recommend that stock markets may even continue to deliver from now to 2024 and even beyond crises in government formation. Analysts are optimistic that markets will pick up steam due to good earnings and an ongoing support from the Fed.
Bitcoin Value: Beyond Politics
There is a proviso that diverse traditional markets, including equities, can be influenced by such policy decisions in the short term on the election cycle, but then the fundamental value of Bitcoin is as follows. Economic influences of institutional adoption, institutional adoption and economic influences indicate a favourable position irrespective of the political orientation.
