Investing.com — Bitcoin is expected to remain resilient regardless of the outcome of the upcoming U.S. presidential election, according to Bernstein analysts.
In a note Monday, Bernstein emphasized ‘s long-term growth potential and its immunity to short-term political shifts, driven by structural factors like U.S. fiscal policy, high debt levels, and demand for hard assets.
Bernstein noted, “Bitcoin remains the most resilient within crypto to election outcome,” highlighting that the cryptocurrency‘s limited share of global financial assets leaves substantial room for growth, irrespective of who wins the election.
Bernstein’s analysts explained that Bitcoin’s stability stems from fundamental demand drivers.
“Bitcoin’s primary drivers remain U.S. fiscal indiscipline, record debt levels and monetary expansion,” they stated, suggesting that this environment increases appeal for assets like Bitcoin and .
Additionally, the strong adoption of Bitcoin…
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