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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    tpay Unveils a Bold New Brand Identity, Leading the Future of Mobile Payments Across META

    2024-09-18T06:00:00Z

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    DUBAI, United Arab Emirates, Sept. 18, 2024 (GLOBE NEWSWIRE) -- tpay, the leading payment gateway across the Middle East, Turkey, and Africa (META), is thrilled to announce a significant rebranding initiative; a change that reflects the incredible growth we’ve experienced since our journey began in 2014. With a decade of experience and a presence in over 30 countries across three continents, tpay is redefining its brand to cement its position as the payment connector, driven by a vision of unifying the META region through unmatched network reach, strategic merchant alliances, and transaction excellence.

    This re-branding is not merely a visual update; it signifies a strategic repositioning of tpay as a leading force in mobile payments across the META region. It embodies our commitment to simplifying digital transactions and fostering economic growth through innovative, secure, and compliant payment solutions. Central to this transformation is our focus on seamless transaction processing, ensuring efficient and timely payments for all transactions. The new brand identity highlights our dedication to transparency with clear revenue-sharing models and comprehensive reporting tools, empowering partners to grow their businesses with confidence.

    While innovation and security remain pivotal, tpay also emphasizes that no transaction, merchant, or market is too small for us to serve. With our focus on micro-payment transactions, we process more payments than any bank in the region, cover more markets than any mobile operator, and reach a greater population than banks, proving that smaller is now bigger.

    Read the full release and see what Scott Weeman, Director of Partnerships at Shahid VIP, and Feras Hallal, Manager of VAS Marketing at STC Kuwait, shared about their partnership with tpay. Click here https://tpaymobile.com/tpay-unveils-a-bold-new-brand-identity-leading-the-future-of-mobile-payments-across-meta/

    As tpay begins this exciting new chapter, our new brand highlights our role as a 'payment connector,' focused on processing millions of micro-payments across the META region and bringing the unconnected into digital life. By upholding rigorous security and compliance standards, tpay reinforces its role in safeguarding the telecom industry and protecting consumers. This rebrand marks a strengthened market presence, poised for continued growth and success.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9d4c5846-fa9f-4b4e-a6eb-2de1a137cef6

    CONTACT: For more information, please contact: safaa.elbanna@tpaymobile.com

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