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FBS Analysts Explore Bitcoin’s Growing Potential Amid US Election Uncertainty

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    Singapore, Singapore, September 18th, 2024, FinanceWire

     

    FBS, a leading global broker, presents an overview of financial market trends in the context of the 2024 US presidential elections. FBS financial market analysts particularly underscore the rising investment potential of Bitcoin in the context of Harris-Trump uncertainty .

    FBS analysts highlight that financial markets are experiencing turbulent times and investors are looking for safe-haven assets like gold and government bonds. According to the FBS experts, cryptocurrencies, particularly Bitcoin, become more appealing. FBS financial market analysts have explored Bitcoin’s historical performance during past US elections and speculated on its potential role in 2024.

    In previous election cycles, Bitcoin’s price reactions to political events have varied:

    • In 2012, during Barack Obama’s re-election, Bitcoin had little market impact due to its developing status.
    • By 2016, following Donald Trump’s victory, Bitcoin gained institutional recognition, with its price rising as a hedge against economic uncertainty.
    • In 2020, amid the COVID-19 pandemic, Bitcoin surged after Joe Biden’s election, driven by inflation fears and institutional adoption.

    For the 2024 election, Bitcoin’s potential as a safe haven is under debate. While its correlation with traditional risk assets has weakened, its volatility remains high. With market capitalization reaching $600 billion in 2024 and daily trading volumes up 25% year-on-year, institutional investors increasingly view Bitcoin as a hedge against geopolitical risks and inflation.

    FBS analysts warn that the 2024 US presidential election could significantly influence Bitcoin’s future:

    • A victory for Kamala Harris may bring balanced regulation that fosters innovation but could also raise compliance costs for US-based exchanges.
    • Donald Trump’s platform includes encouraging Bitcoin mining and lowering capital gains taxes, which could increase demand for cryptocurrencies.

    Regardless of the 2024 US presidential election outcome, FBS analysts recommend a cautious yet strategic approach to trading. Monitoring political developments closely is critical, as shifts in policies or candidate standings can create significant price swings. Traders are encouraged to consider short-term opportunities in cryptocurrency markets, particularly Bitcoin, which has shown resilience and growth potential during past election cycles. Employing risk management tools, such as stop-loss orders, is also vital to mitigating downside risk during this unpredictable period.

    FBS analysts believe Bitcoin’s long-term position in the financial markets is solidified. Growing institutional interest points to its potential as a legitimate hedge against macroeconomic risks.

    Disclaimer: This material does not constitute a call to trade, trading advice, or recommendation and is intended for informational purposes only.

     

    Contact

    FBS Press Office
    press@fbs.com

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    ForwardLane Appoints Industry Leader as New President

    2024-09-17T11:30:00Z

    Ares Wealth, Black Creek, and OppenheimerFunds Veteran Joins During AI Inflection Point

    NEW YORK, Sept. 17, 2024 (GLOBE NEWSWIRE) -- ForwardLane, the premier data analytics and AI platform tailored for wealth and asset managers, proudly announces the appointment of Eric Johnson as its new president, effective immediately. Johnson, a highly esteemed industry leader, brings over three decades of unparalleled expertise in technology, data, and sales leadership.

    “Eric is a visionary with a stellar track record in technology innovation, business development, and profound industry knowledge,” said Nathan Stevenson, CEO of ForwardLane. “As AI tools and services gain widespread adoption—a field we’ve been pioneering since 2015—Eric’s extensive experience in technology and sales is exactly what we need to propel ForwardLane to new heights. We are confident that Eric, alongside our leadership team, will drive the execution of our strategy and capitalize on the growing demand for AI-driven sales and marketing solutions.”

    Johnson’s career is marked by his versatility and success in leading large sales, technology, and data teams within asset management firms. Most recently, he served as the Head of Technology, Data, and Innovation at Ares Wealth Management, where he spearheaded the modernization of their sales and marketing platform. Prior to that, he was the CTO at Black Creek Group and spent two decades at OppenheimerFunds, holding senior roles in both sales and technology, and playing a pivotal role in the company’s transformation.

    “I am excited to join ForwardLane at such a pivotal moment,” said Johnson. “Having admired both Nathan and ForwardLane’s innovative approach for many years, it is an honor to step into this leadership role. ForwardLane’s history of pioneering technologies has revolutionized client engagement in the financial services industry, and I am eager to work with this exceptional team to accelerate our growth and deliver value to our customers and shareholders.”

    Johnson holds a BA in Political Science from the University of California Berkeley and an MBA from the University of Southern California.

    About ForwardLane
    ForwardLane's mission is to enable deeper human connections with machine intelligence. Used by leading wealth asset management and insurance firms, the patent-pending AI Decision Intelligence Platform and Next Best Action engine aggregates, orchestrates and activates enterprise data, proactively prioritizing clients, and distilling personalized insights to drive growth, and deepen client relationships.

    Visit www.ForwardLane.com for more or follow us on LinkedIn and X @Forward_Lane.

    MEDIA INQUIRIES

    Khaner Walker
    khanerw@arcsenseconsulting.com
    1-919-412-1566

    A photo accompanying this announcement is available at: 
    https://www.globenewswire.com/NewsRoom/AttachmentNg/b8a13d91-c979-4a3c-8faf-42c0e85ccd64


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