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'All lights are green' for Bitcoin: CoinDesk executive
Bitcoin (BTC-USD) prices have rallied to over $83,000 since President-elect Donald Trump's victory in the 2024 US election. Many investors view his administration's return to the White House as a bullish signal for the cryptocurrency market. CoinDesk Indices Managing Director Andy Baehr joins Catalysts to share his outlook on this trend and the rationale behind it. Baehr characterizes a Trump presidency as "the last piece of the puzzle" for bitcoin. He points to the recent approvals of bitcoin ETFs and the Federal Reserve's easing cycle as precursors, noting that the election outcome has now made "very clear" the ...
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- Posted: Nov 11, 2024 3:10pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 118
