Analysis on Potential Trump Victory and Rising Global Liquidity Impact on Crypto Markets
Macroeconomist Lyn Alden recently shared insights on how the 2024 US presidential election outcome, particularly a potential victory for Donald Trump, could influence Bitcoin and the broader cryptocurrency industry.
- A Trump win may lead to the extension of corporate tax cuts, which could benefit the crypto markets.
- Market indicators suggest that a Trump victory could increase the likelihood of maintaining or making the tax cuts permanent.
- Global liquidity is a critical factor impacting crypto markets, with gradual recovery observed in recent months.
- Projections by the New York Fed indicate a possible resumption of Federal Reserve balance sheet growth by 2025.
This growth or stabilization of the balance sheet could have a positive impact on Bitcoin’s price, potentially driving it higher in the coming years.
Lyn Alden anticipates a breakout in the market either later this year or by 2025, emphasizing the importance of global liquidity and government policy on crypto market performance.
For a more in-depth analysis by Lyn Alden, check out the latest interview on our YouTube channel and subscribe for updates.