Bitcoin Has Priced In a Large Democratic Victory, CoinShares Research Chief Says

Bitcoin has absorbed expectations of a large Democratic victory in the Nov. 3 U.S. midterm elections, CoinShares research chief James Butterfill said, as fading uncertainty may leave room for a rebound. Butterfill said the anticipated result would not necessarily trigger another sell-off. He identified slower progress on crypto reform as the greater risk to the industry. The Clarity Act faces a more difficult path, he said, while investigations involving Trump-related businesses could consume political capital and create unsettling headlines for crypto. U.S.

Source: TokenPost