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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    Monency to Launch AI-Driven Spend Management and Corporate Card Solutions

    2024-09-19T13:34:19Z

    NEW YORK, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Monency, founded by Serkan Şafak, a Forbes Council Member and the visionary behind Seo Robot, is proud to announce the anticipated launch of its AI-powered financial management platform in early 2025. As a financial technology company, Monency is preparing to offer corporate debit and credit products designed to help businesses optimize their financial operations while providing advanced tools for managing expenses, contracts, and financial reporting.

    Monency’s AI-driven platform will provide businesses with real-time insights into spending, streamline contract approvals, and deliver predictive analytics to support data-driven decisions. With its corporate debit and credit solutions, Monency aims to offer businesses greater financial flexibility and control, tailored specifically for enterprise needs. The platform’s robust feature set is designed to enhance operational efficiency and enable companies to manage complex financial workflows effortlessly.

    Serkan Şafak, the visionary behind the decacorn AI company Seo Robot, which has overseen more than $1 billion in global advertising spend, is bringing his expertise in AI-driven solutions to Monency. His success with DisplayX, an AI-powered Digital Out-of-Home (DOOH) advertising platform, underscores his ability to create innovative, industry-disrupting technologies. Monency is expected to meet the growing demand for intelligent financial tools, offering businesses unmatched automation and financial intelligence.

    “As we prepare for Monency’s early 2025 launch, we’re excited to bring AI-powered debit and credit products to the corporate sector,” said Serkan Şafak, Founder and CEO of Monency. “With Monency, businesses will gain full control of their financial processes, enabling them to streamline operations, reduce inefficiencies, and make smarter decisions that drive success.”

    About Monency

    Founded by Serkan Şafak in 2024, Monency is an AI-powered fintech platform built to transform corporate financial management. Offering corporate debit and credit products alongside its innovative solutions for expense management, contract oversight, and financial reporting, Monency provides businesses with the tools they need to enhance operational efficiency and make real-time, data-driven decisions.

    CONTACT: Serkan Şafak & Founder
COMPANY: Monency
PHONE: +1-415-915-3247
EMAIL: hello@monency.com
WEB: https://monency.com

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