Biden sudden move to abandon the 2024 presidential race could be a "hug boost" for cryptocurrencies and other assets said the crypto analyst predicted.
It is not very logical to expect bullish market movement around an election. However, bullish movement can start in the crypto market for any reason. Any such outcome may cause a temporary bullish movement in the market but does not create reliable confidence. Everyone probably remembers Trump's opposition to crypto when he first came to power, and many chose Biden for his opposition. At any time that their personal opinion may change. Politicians speech or their policy changes can not bring any bullish trend in the market. Recently, Trump has expressed his support for Bitcoin, so if he wins, it can definitely have a positive impact on the market.