2024-8-20 06:33 |
Jaret Seiberg, an analyst at TD Cowen, suggests that Kamala Harris as President of the United States would likely be less hostile toward the crypto market than Joe Biden.
On the other hand, Donald Trump has also made several pro-cryptocurrency remarks in recent months.
This implies that the 2024 US Presidential election in November could be a positive catalyst for digital assets, regardless of who ultimately wins the White House.
This potential tailwind may present a compelling investment thesis for considering a position in assets like Bitbot as early as August.
Bitbot could benefit under Harris as POTUSJaret Seiberg finds it conceivable that Kamala Harris as the US President will be more open to supporting policies aimed at helping the crypto industry mature.
Meanwhile, Chuck Schumer, the Majority Leader of the United States Senate, also took a positive stance on the crypto market as he spoke at the recent Crypto4Harris event.
“My goal is to get something passed out of the Senate and into law by the end of the year, and I believe we can make that happen.”
Put together, such macro events could eventually translate to further upside in Bitbot. You can find out more about this Telegram trading bot and its native meme coin on this link.
Here’s why Bitbot trumps its rivalsBitbot is more attractive as an investment than its peers, including Maestro, Bonkbot, or Banana Gun because it positions you to capitalize on continued growth in AI.
Telegram user interface and sentiment analysis are among other unique features of this trading bot that make it more exciting than its rivals.
Bitbot shares 50% of its revenue with its users who can earn 35% in referral rewards as well – all of which are in place to attract more users in pursuit of boosting demand and eventually the price tag coupled with the native Bitbot coin.
Additionally, self-custody makes Bitbot a more secure platform than its competitors. If you want to learn more about Bitbot, you can click here to visit its website now.
How does interest rates affect Bitbot?Most importantly, Bitbot is much more than hype only. That’s evidenced by the strong demand it witnessed during its recently ended presale that raised millions in just a few weeks.
A potential listing on crypto exchanges moving forward may soon make Bitbot more accessible for those interested in meme coins, thereby driving further upside in it.
Note that meme coins, at least ones focused on building a strong community like Bitbot, tend to see explosive growth in their early innings. That adds to the list of reasons why the native Bitbot coin may be worth investing in 2024.
Other than the 2024 US Presidential election in November, a macro tailwind that may materially help Bitbot in the coming months could be a rate cut that the Federal Reserve is broadly expected to announce in September.
That’s because lower interest rates typically drive more demand for risk-on assets like cryptocurrencies. Visit the Bitbot website to explore ways to invest in its native crypto token today.
The post Bitbot may be worth buying ahead of US Presidential election: Here's why appeared first on Invezz
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