The upcoming US presidential elections have recently been a hotly debated topic in the crypto industry, as many believe the outcome will positively or negatively impact the crypto market. As the election date draws closer, a crypto analyst has made bullish speculation on Bitcoin (BTC) and an ETFSwap (ETFS), hinting they will reach new all-time highs regardless of who wins the election.
This article discusses the reason for the analyst’s optimistic sentiment on ETFSwap (ETFS) and Bitcoin (BTC).
ETFSwap is a crypto ETF trading platform that emerges as crypto-related ETFs gain more traction in the United States. However, unlike other ETF trading platforms, introduces the unique option of trading tokenized ETFs on the blockchain.
As a blockchain-based product, users can track the progress of the tokenized ETFs on-chain with advanced AI-powered trading tools. Traders can also extend their profit position by over 500x when trading tokenized ETFs on the platform’s derivative trading arm.
As a decentralized platform, ETFSwap will not require new users to fill out Know Your Customer (KYC) forms, allowing them to sign up and start trading tokenized ETFs in minutes.
ETFSwap (ETFS) will also eliminate third-party authorization, enabling users to carry out fully decentralized transactions through the help of smart contracts. Recently, ETFS also intends to partner with DeFi giants to advance the growth of decentralized finance and launch its ETF by 2025.
But at the moment, ETFSwap has announced the launch of a beta version of its platform with plans to unveil phase 1 soon. It also features ETFS, a token of the ERC-20 standard, as its native token. ETFS, therefore, makes it possible to access all the features on the platform, including trading tokenized ETFs.
The ETFSwap (ETFS) team also designed ETFS as a deflationary token, equipping it with what it takes to remain relevant in a highly competitive crypto market. Moreover, users who hold the token will benefit from exclusive investment opportunities, bonuses, and staking rewards. Further, as the backbone of the network, the platform currently offers ETFS to everyone at a low price of $0.03846 per coin.
Bitcoin (BTC) enthusiast Steve Lubka believes that Bitcoin (BTC) could tap the $100,000 mark shortly after the US presidential elections scheduled for November 2024. Lubka was also optimistic that Bitcoin (BTC) would reach this peak regardless of who won the elections.
Meanwhile, many in the crypto community believe that a victory for pro-crypto candidate Donald Trump in the US presidential elections will bode well for Bitcoin (BTC) and the entire crypto market. Also, if the table turns and anti-crypto candidate Kamala Harris wins the US presidential elections, the crypto market could be stifled, and crypto startups in the United States would struggle.
However, Lubka believes Bitcoin (BTC) has always had its roots in the monetary profile of several regions, including the United States; therefore, a win or loss for either of the candidates can’t change that. Further crypto analyst James Davies shares the same sentiment with Lubka, suggesting that the crypto industry may face challenging times if Kamala Harris wins the US presidential elections, but it will find a way to move forward despite the potential setback.
Also, 401 Financial president Tyrone Ross is confident that the result of the US presidential elections will have very little effect on the performance of Bitcoin (BTC) and the crypto market in the next 18 months. Bitcoin (BTC) has bounced between $55,000 and $70,000 for most of 2024 after seeing an all-time high of almost $74,000 in March. According to CoinGecko, Bitcoin (BTC) currently hovers around the $63,000 mark.
As Bitcoin (BTC) gears to surge to an all-time high of $100,000 soon after the US presidential elections, ETFSwap (ETFS) is also speculated to reach an all-time high of $5. When that happens, users who buy now at $0.03846 will have realized tremendous profit on their investments. So do not delay: Buy ETFS today!
For more information about the ETFS Presale:
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