Welcome to Extreme Investor Network, where we provide unique insights and valuable information to help you navigate the world of investing. Today, we’re diving into the world of cryptocurrency, specifically bitcoin, and how it will thrive over the long term regardless of who wins the U.S. presidential election in November.
Many investors in the crypto space are realizing that bitcoin’s success is not dependent on the political climate. Steven Lubka, head of private clients and family offices at Swan Bitcoin, believes that bitcoin’s value is rooted in the fiscal and monetary profile of countries, sovereigns, and the United States. He confidently states that bitcoin will likely reach six figures by 2025, regardless of the election outcome.
While there may be fears surrounding how a potential Kamala Harris presidency would impact bitcoin, experts like James Davies, co-founder of Crypto Valley Exchange, believe that the industry will continue to thrive. Crypto startups may face challenges, but the market is robust and not solely centered on the U.S.
It’s important to note that bitcoin’s price has been relatively stable in 2024, trading between $55,000 and $70,000. Despite some fluctuations tied to macroeconomic events like interest rate updates and inflation data, bitcoin has proven to be a resilient asset class.
In recent months, there has been growing speculation about how the election could affect bitcoin prices. While some believe a second Trump presidency could be beneficial for the industry, others worry about Harris’s stance on crypto. However, history has shown that bitcoin has flourished even in the face of regulatory challenges and government hostility.
At Extreme Investor Network, we believe in the long-term potential of bitcoin and the cryptocurrency market as a whole. Stay informed, stay smart, and let’s navigate the world of investing together. Remember, opportunities abound regardless of who is in office – it’s all about seizing them and building a diverse financial portfolio for success.