"BTC, poised to enter a bull market ahead of the US presidential election"
"BTC, to become an international trade collateral asset through decentralization"
"Central banks worldwide will allocate 2% of their reserve assets to BTC"
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The research team led by Matthew Sigel at VanEck predicted that a BTC bull market will soon begin, driven by the upcoming US presidential election.
The report explained that "BTC skyrocketed in 2020 following a similar pattern" and "once the winner of the presidential election was announced, BTC exhibited high volatility and rallied."
In fact, BTC surpassed $80,000 on the 29th, and there are growing expectations of a bull market entry both inside and outside the market. Notably, various opinion poll data show that former President Trump, who has claimed to be a 'pro-cryptocurrency candidate', is leading Vice President Harris in most surveys. Given that former President Trump has repeatedly expressed his support for BTC as a presidential campaign pledge, it is speculated that BTC's price will surge significantly if he wins the election.
The VanEck research team predicted that due to BTC's decentralized nature, it will emerge as a collateral asset for international trade for countries worldwide, and central banks will accumulate around 2% of their reserve assets in BTC.
The report stated that "if central banks allocate around 2% of their assets to BTC and use it as a collateral asset for international trade, the price of BTC could reach approximately $29 million per coin."
Reporter Kwon Seung-won ksw@
