WSPN US CEO: The cryptocurrency market outlook is promising after the US election

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Cointime2024/11/11 03:11

By:Cointime

On November 11th, WSPN US CEO Austin Campbell stated in an interview with FINTECH.TV that the recent US election has had a positive impact on the cryptocurrency market. Campbell pointed out that this positive impact mainly comes from the market's expectation of regulatory clarity, which allows companies to formulate clearer development plans in the field of cryptocurrency. Regarding Bitcoin, Campbell pointed out that its continued appeal stems from multiple existing narratives, including adoption as a currency, anti-inflation capabilities, and financial technology innovation. He believes that the policy environment of the new government may further strengthen these narratives and provide more favorable conditions for the development of Bitcoin.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Share link:In this post: Wall Street loved Trump’s win at first—stocks jumped, Bitcoin soared, and borrowing costs hit rock bottom, but some sectors started cracking fast. Tax cuts and deregulation made financial and energy stocks shoot up, but tariffs and plans to deport workers freaked out economists and markets. Tariffs mean higher prices for Americans, and even Walmart’s warning it’ll have to raise prices if Trump pushes through with his trade war.

Cryptopolitan•2024/11/24 03:44