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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    Radhika Lipton Appointed PCBB Chief Risk Officer, Succeeding Esteemed Leader Steve Baca

    2024-09-19T14:45:00Z

    PCBB has announced the appointment of Radhika Lipton as Chief Risk Officer, succeeding Steve Baca, who is retiring after nearly two decades of distinguished service.

    WALNUT CREEK, Calif., Sept. 19, 2024 (GLOBE NEWSWIRE) -- PCBB, a leading financial firm dedicated to serving the needs of community-based financial institutions nationwide, is pleased to announce the appointment of Radhika Lipton as Chief Risk Officer. Radhika, renowned for her expertise in bolstering organizational resilience and optimizing operational efficiency through strategic risk mitigation, will succeed Steve Baca, who is set to retire in early 2025 after nearly two decades of exemplary service.

    Throughout his tenure, Steve has been instrumental in guiding PCBB’s risk management strategies, contributing significantly to the firm's impressive growth — more than doubling its assets and increasing the customer base over the past decade. Mike Dohren, President of PCBB, expressed confidence in the transition, stating, “Steve has provided excellent risk management leadership, which will enable Radhika to step into the role of Chief Risk Officer with a solid program already in place. Her background will enable us to build an even more robust compliance and oversight platform for both PCBB and our customers as we look to new market opportunities.”

    Radhika Lipton brings a wealth of experience in risk management, compliance, and internal auditing from her tenure at prestigious global companies, financial institutions, and fintech startups. Most recently, she served as Chief Risk and Compliance Officer at Mambu Americas, Inc., and as Chief Compliance Officer at Sunwest Bank. She also founded RADD LLC, a consulting firm specializing in internal auditing and compliance, and serves as a Board Member and Audit Committee Chair at Walden Mutual Bank in New Hampshire.

    Radhika is a distinguished speaker at industry conferences, where she addresses topics such as high-risk banking, compliance and regulatory standards. She stated, “I am excited to join the PCBB team as we continue to pursue new market opportunities to bring our customers to the next level of banking. I am passionate about developing and leading comprehensive risk frameworks and compliance strategies that align with business objectives and regulatory standards.”

    PCBB looks forward to leveraging Radhika’s extensive knowledge and experience to enhance its risk management framework, ensuring continued success and innovation in the evolving financial landscape.

    About PCBB

    PCBB believes in the power of local financial institutions to be the catalyst of small business growth and to enable communities to thrive. Our team is committed to providing not only the tools and knowledge our customers need to serve their clients, but also the partnership and trust they deserve.

    Our robust suite of competitive services includes cash management and international services, lending services, hedging solutions, and profitability and risk management advisory services. These solutions help community financial institutions maximize revenue, increase efficiency, and manage risk.

    All trademarks are the property of their respective owners

    Media Contact:
    Nancy Ozawa
    PCBB
    nozawa@pcbb.com
    (888) 399-1930 x177

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ff1b4642-2b03-416c-aa14-685650211e2b


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