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US election another ‘buy the rumor, buy the news’ event for BTC: Pantera

According to Pantera Capital, Bitcoin is expected to thrive following Trump’s presidential inauguration, with predictions suggesting the currency could exceed 100,000 USD again. Factors such as ETF launches indicate bullish potential contrary to the ‘buy the rumor, sell the news’ MANTRA.

Pantera Capital’s analysis suggests that despite the recent price corrections in Bitcoin due to external economic pressures, Trump’s presidency could positively affect BTC by restoring investor confidence.

Industry experts believe that Trump’s pro-crypto stance and political appointments signal a favorable future for Bitcoin, potentially dampening any bearish trends currently affecting market sentiment.

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