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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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    Kaspi.kz Statement on Misleading short-seller research

    2024-09-19T16:08:05Z

    ALMATY, Kazakhstan, Sept. 19, 2024 (GLOBE NEWSWIRE) -- The company is issuing the following statement following the research report published by Culper Research today:

    In our view, the report is misleading, inaccurate and misrepresents our business.

    Being the first company from Kazakhstan to successfully list on Nasdaq has obviously raised our profile amongst short sellers.

    For those investors who have known us over the years, our reputation speaks for itself.

    About Kaspi.kz

    Kaspi.kz’s mission is to improve people’s lives by developing innovative mobile products and services. To deliver upon this we operate a unique two-sided Super App model – the Kaspi.kz Super App for consumers and the Kaspi Pay Super App for merchants.

    Through these Super Apps consumers and merchants can access our leading Payments, Marketplace, and Fintech Platforms. All our services are designed to be highly relevant to users’ everyday needs and enable consumers and merchants to connect and transact, using our proprietary payments network.

    The combination of a large, highly engaged consumer and merchant base, best-in-class, highly relevant digital products and a capex lite approach, results in strong top-line growth, a profitable business model and enables us to continue innovating, delighting our users and fulfilling our mission.

    Harvard Business School has written two case studies on Kaspi.kz which it continues to teach to its MBA students.

    Kaspi.kz has been listed on Nasdaq since January 2024.

    For further information david.ferguson@kaspi.kz +44 7427 751 275

    Forward-looking statements

    Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of Kaspi.kz. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could," "may" or "might", the negative of such terms or other similar expressions. Kaspi.kz wish to caution you that these statements are only predictions and that actual events or results may differ materially. Kaspi.kz does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Kaspi.kz, including, among others, general economic conditions, the competitive environment, risks associated with operating in Kazakhstan, rapid technological and market change in the industries the Company operates in, as well as many other risks specifically related to Kaspi.kz and its respective operations.


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