Finance

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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    KYN Capital Group's KOINFOLD Integrates USDT on Polygon, Ethereum, and Tron Blockchains and Artificial Intelligence Into Cryptocurrency App

    2024-09-17T12:30:00Z

    RANCHO CORDOVA, CA, Sept. 17, 2024 (GLOBE NEWSWIRE) -- KYN Capital Group (OTC: KYNC), a leading innovator in the fintech sector, is thrilled to update our customers on the new updates for KOINFOLD.

    At the beginning of the year, KYNC laid out a bold vision for the future of commerce – a future that’s more personalized and rewarding than ever. Our teams are moving with urgency, relentlessly innovating, and focused on execution to deliver this vision.
 KOINFOLD is a go-to cryptocurrency app with a secure payment option through Moonpay. We recently added USDT on Polygon, Ethereum, and Tron Blockchains for our customers to have a richer and more user-friendly experience. 


    For our users there’s never been a better time to be part of the KOINFOLD community. We’re constantly adding and building up our end-to-end platform that spans the full spectrum of cryptocurrency offerings with better customer experiences and tools. We have positioned our app to benefit from the consumer volume we expect in the years to come.
Take advantage of this momentum by downloading the new version of the KOINFOLD app. It gives you access to innovations like, What’s hot, Losers and Gainers in the cryptocurrency world. Our goal is to drive customer loyalty.

    KYNC has incorporated AI-powered trading bots into the KOINFOLD crypto app. These bots utilize sophisticated artificial intelligence algorithms to automate trading processes, analyze market trends, and execute trades autonomously based on predefined parameters and current market conditions.

    “With these new AI features and more being added, KOINFOLD is seeing more downloads and transactions that will gain revenue for the company in a steady and consistent way. It has been a long process with all of the changing data in the AI platforms and cryptocurrency regulation landscape, but with new executive orders from the president of the United States supporting the use of digital assets we are in the right position and evolution,” stated Rick Wilson, CEO of KYNC.

    KYN Capital Group remains committed to growing the fintech industry. The company remains dedicated to offering cutting-edge solutions that empower users to navigate the digital economy with ease and confidence.

    Download KOINFOLD here:

    KOINFOLD on Google Play

    KOINFOLD on the App Store

    Follow KYN Capital Group, Inc. (KYNC) on Twitter and Instagram.

    Visit the new KOINFOLD website for more information.

    https://KOINFOLD.com

    https://twitter.com/kyncap

    https://www.twitter.com/koinfold

    https://www.instagram.com/kyncapital/

    About KYN Capital Group, Inc. (KYNC)

    KYN Capital Group, Inc. (KYNC), a Nevada Corporation, is a leading holding company dedicated to being at the vanguard of its industry working on acquisitions in the entertainment, blockchain, cryptocurrency and touchless payment verticals. KYNC leverages the expertise of its highly skilled team & developers to create a cohesive force in formulating market and business strategies, ensuring that they remain ahead of the curve to carry the company forward in the marketplace.

    Safe Harbor Statement:

    Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation

    Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.

    Contact:
    KYN Capital Group, Inc. (KYNC)
    info@kyncap.com


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