Bitcoin’s value has dropped below $70,000 as the US presidential election results remain uncertain, causing volatility in the cryptocurrency market. While some believe this is a good time to hoard coins, others are waiting to see if Trump or Biden wins. Standard Chartered predicts that Bitcoin could reach $125,000 if the Republicans win, while Bernstein estimates a potential drop to $30,000 if Kamala Harris wins.
In either case, investors are advised to be cautious and consider holding onto their bitcoins until the results are clear.
