Kriptokoin.com –Nicholas Merten, a popular crypto currency analyst, shared new estimates for Bitcoin and markets. Nicholas Merten thinks Bitcoin (BTC) will not be affected by the US presidential elections. However, the master analyst says that the stock market may collapse in this process.
Master Analyst: Bitcoin will not be affected by the US presidential elections!
In a new part of Datadash, Nicholas Merten said that Bitcoin exhibited similar price movements as in previous days and weeks. Master analyst thinks Bitcoin (BTC) will not be affected by the US presidential elections. Nicholas Merten adds the following to his explanations:
This affects our recommendation: Bitcoin will not really be affected in both ways. No candidate offers such a dramatic benefit or negativity for crypto currencies as an asset class.
Nicholas Merten: A “disaster scenario için for stocks appears on the horizon!
However, according to the analyst, the US stock market may be telling a different story. Nicholas Merten says US President Donald Trump may appeal the election results in various states. In addition, the analyst adds that the stock market does not like the uncertainty of a controversial election. In addition, according to Nicholas Merten, it seems more likely that the Congress will once again divide the US and leave the US to the mercy of its potential legislative blockage.
Nicholas Merten said he wanted to see the encouraging legislation of the US stock market, which is just getting rid of the destructive financial effect of global pandema. According to the analyst, a divided congress means that the laws of laws are much lower. Analyst says that the twin combination of a contentious selection and future legislative congestion can point to a “disaster scenario için for stocks in the United States.
“The choice, regardless of who wins, can send Bitcoin to new summits!”
On the other hand, some crypto analysts think that regardless of who wins, the election will indicate new summits for Bitcoin. Ryan Watkins, the senior research analyst of Messari, a crypto analysis firm, emphasizes that the presidential elections of the data are the main reason for Bitcoin Taurus run.
