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By Nigel Green
As the 2024 US election campaigns ramp up, all eyes are on the presidential candidates and their economic policies.Â
But while traditional financial markets anxiously await the outcome, there’s one asset that stands poised to benefit no matter who ends up in the White House: Bitcoin.Â
Whether it’s a Harris or Trump victory, the stage is set for Bitcoin to potentially surge to new all-time highs, driven by a perfect storm of economic factors, market dynamics, and growing institutional adoption.
Here are five reasons Bitcoin could be heading for the stratosphere, regardless of the political outcome.
1. Economic uncertainty
One thing that’s clear about the upcoming election is that it will further polarize an already divided nation. That kind of uncertainty historically causes volatility in traditional markets like stocks and bonds. But for Bitcoin, uncertainty often works in its favour.
Both parties are contending with persistent economic inequality, and ballooning government debt. No matter who wins, the Federal Reserve will likely remain in a position where it has to maintain loose monetary policies for an extended period, which would keep interest rates low. This environment is essentially Bitcoin’s playground.
With interest rates coming down and traditional currencies losing purchasing power due to inflation, Bitcoin stands out as an attractive hedge against fiat currency devaluation.Â
If the US government continues to print money and rack up debt, Bitcoin’s fixed supply of 21 million coins makes it an appealing store of value. In an era of currency debasement, the crypto’s scarcity becomes increasingly important, driving more investors to seek it out,
2. Growing institutional adoption
One of the most significant factors driving Bitcoin’s price surge over the past few years has been the entrance of institutional investors, and this trend is not going away. In fact, it’s accelerating.
Institutional players like BlackRock, Fidelity, and JPMorgan are not just dipping their toes into the crypto market, they’re diving in headfirst.Â
Bitcoin ETFs are here to stay, potentially unlocking trillions in new capital from pension funds, hedge funds, and family offices, which are currently constrained by regulatory issues.
Whoever wins the election, Bitcoin adoption by institutional investors will continue, pushing prices higher.Â
A Republican victory might lead to more business-friendly crypto regulations, while a Democratic win could introduce policies that further weaken confidence in the US dollar, making Bitcoin even more appealing as a hedge.Â
Either way, institutional money is poised to flood into Bitcoin, fuelling a new wave of demand that could send prices soaring to all-time highs.
3. Resilience to geopolitical shifts
Beyond just economic policies, Bitcoin’s decentralized nature means it thrives in a world of geopolitical instability—something we can expect to see regardless of who takes the Oval Office.Â
Trade wars, shifting alliances, or tensions with China and Russia can send shockwaves through traditional markets. Bitcoin, however, remains borderless and uncorrelated with any one country’s economy.
This autonomy makes it a global asset, one whose value is driven by worldwide demand rather than just US domestic policy.Â
Whether America tightens trade restrictions or forms new partnerships, Bitcoin remains unaffected by these political decisions. And as tensions rise globally, more individuals and institutions may turn to Bitcoin as a hedge against geopolitical risk.
With Bitcoin increasingly seen as ‘neutral money,’ it benefits from being outside the influence of any one government's agenda. That gives it an edge in an era of uncertainty, where trust in centralized institutions - whether governments or banks - is waning.
4. The younger generation
Another undercurrent that could push Bitcoin to new heights is the growing interest from younger generations.Â
Millennials and Gen Z, who are becoming an increasingly powerful economic force, have a far more favourable view of cryptocurrencies compared to their older counterparts.Â
They see Bitcoin as more than just an asset - it’s a symbol of financial sovereignty, a way to opt out of a traditional system that has failed to serve their interests.
With many of these younger investors being active voters, their preferences will also influence the policies of future leaders.Â
But beyond policy, these generations will continue to pour their money into Bitcoin, pushing demand higher. The sheer demographic momentum behind Bitcoin is a bullish sign for its long-term growth, regardless of which party takes control in Washington.
5. Hedge against partisan policies
Every election brings sweeping promises of change, but as history has shown, most policies end up fuelling market volatility, uncertainty, and debt accumulation.Â
Whether it's progressive tax hikes or conservative budget cuts, Bitcoin remains unaffected by the political noise. In fact, Bitcoin thrives on market inefficiencies created by bad policy decisions on both sides of the aisle.
The political tug-of-war over fiscal stimulus, taxes, and regulation will likely drive investors to seek out safe havens. Bitcoin’s decentralized structure makes it resistant to government manipulation, making it an attractive asset for those looking to hedge against poor political decision-making.
While political leaders continue to debate the future of the economy, and voters head to the ballot box on November 5, Bitcoin marches forward, offering a digital escape hatch for those seeking financial freedom and independence.Â
The next bull run, and fresh all-time highs, might just be around the corner.
Author Bio
Nigel Green is deVere Group CEO and Founder
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.