Bitcoin Is A ‘Liquid Hedge’ Donald Trump Winning The Election But Don’t Count On $100,000 In 2024, Analyst Says
Posted On October 30, 2024
Pseudonymous analyst Lazy Villager analyzing Bitcoin’s (CRYPTO: BTC) recent price surge and its potential connection to the upcoming U.S. presidential election.
What Happened: Lazy Villager noted in a post on X on Wednesday that despite recent strong inflows into Bitcoin ETFs, the growth potential in the year’s final quarter may be capped.
The investor argued that the recent heavy inflows into Bitcoin are highly mercenary and that the conditions necessary for a blow-off top, similar to what was witnessed in 2021, are currently absent.
Lazy Villager pointed to factors holding …
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