Donald Trump’s Win Coupled With Macro Factors Sets Stage For ‘Accelerated Cycle’ In Crypto Markets, Analyst Predicts
Posted On November 7, 2024
Following Donald Trump’s recent election win, crypto analyst Miles Deutscher foresees bullish momentum for the crypto market, fueled by favorable macroeconomic conditions.
What Happened: In a podcast update, Deutscher shared his belief that with the Republican Party in control, crypto-friendly legislation could advance more easily, benefiting the sector. He expressed that Trump’s triumph, along with other macro factors, is priming the crypto market for an “accelerated cycle”.
He noted a significant $600 million flow into Bitcoin ETFs on election day, signalling positive sentiment in the market, and is particularly bullish on DeFi and real-world asset (RWA) tokens, …
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