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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.

     

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    FBS Press Office
    press@fbs.com

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    2024 iFX Asia Expo Concludes Successfully, TradingLink’s Cross-Broker and Cross-Platform Social Trading Model Draws Attention

    2024-09-20T18:00:00Z

    Denver, CO, Sept. 20, 2024 (GLOBE NEWSWIRE) -- From September 16 to 18, 2024, the three-day iFX Asia Expo in Bangkok, Thailand, came to a successful close. This global fintech event brought together top companies and experts in the industry to showcase the latest cutting-edge trading technologies and innovative results. As a global leader in online trading technology and trader incubation platforms, TradingLink stood out with its cross-broker, cross-platform open-source social trading model, garnering widespread attention and high praise.

    Open-Source Social Trading Model: A Perfect Blend of Innovation and Transparency

    The cross-broker, cross-platform social trading model displayed by TradingLink marked a new era in user experience. This model not only broke the boundaries of traditional platforms, enabling broad interaction and collaboration among traders, but also improved transparency in trading through systematic innovation. By providing investors with a more open and fair trading environment, this breakthrough technology solution was highly recognized by attendees, especially against the backdrop of growing demand for transparent trading in the fintech space. TradingLink has set a new industry standard.

    Technological Innovation and Market Strategy Win Industry Accolades

    At the expo, TradingLink showcased not only its leading trading tools but also detailed its strategic layout in global markets. Through continuous technological innovation, TradingLink has further enhanced the platform’s stability and efficiency, providing investors worldwide with an efficient, transparent, and secure trading experience. The platform's focus on user experience and its ongoing technological breakthroughs became a major highlight at the expo.


    TradingLink: Innovation Driving the Future

    Since its inception, TradingLink has been committed to offering advanced trading platforms and professional support services to global investors. By integrating cutting-edge tools and a unique trader incubation system, TradingLink has become a leader in the global trading market, earning the trust of users and high recognition from the industry. At this year’s expo, TradingLink also introduced new trading solutions, including intelligent trading tools, innovative algorithms, and comprehensive risk management systems, helping investors gain a competitive edge in fast-changing markets.

    Leading Technological Innovation and Exploring Global Markets

    At the event, TradingLink highlighted its outstanding global market presence and innovative achievements. As an efficient and secure online trading platform, TradingLink not only provides investors with a seamless trading experience but also continuously improves platform performance through technological innovations, ensuring that every user enjoys a top-tier trading service.

    Throughout the expo, TradingLink engaged with industry leaders, technology experts, and investors from around the world, sharing unique insights into the future of fintech and showcasing its irreplaceable role in the global market. Whether from a technological standpoint or a strategic perspective, TradingLink has consistently upheld a spirit of innovation, striving to drive progress and change in the industry.


    Summary and Future Outlook

    On the stage of the 2024 iFX Asia Expo, TradingLink garnered widespread acclaim with its powerful technology and open-source social trading model. Whether in terms of technological innovation or market strategy, the company demonstrated its immense potential to advance the global trading industry. The successful conclusion of the expo marks another leap for TradingLink in the fintech sector. Looking forward, TradingLink will continue to lead the industry’s development, eagerly anticipating collaborations with more global partners to jointly promote the transformation and innovation of fintech.

    http://linktr.ee/tradinglink2024

    https://asia2024.ifxexpo.com/meet/sponsors-exhibitors


    Media contact

    Contact: Marco Po

    Company Name: TradingLink Ltd

    Website: https://tradinglink.pro

    Email: contact@tradinglink.pro

    Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.


    CONTACT:  Marco Po

TradingLink Ltd

contact at tradinglink.pro

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