Biden sudden move to abandon the 2024 presidential race could be a "hug boost" for cryptocurrencies and other assets said the crypto analyst predicted.
This may be one of the factors along with many others due to we will see another bull market. But it is not like that if Biden had not abandoned the presidential race or even if trump did not win the upcoming elections, we will have no bull run. Regardless of these political developments, we are due to see the Bitcoin bull market and the major reason is the halving and the four year Bitcoin cycle.
Also in the previous years, in the previous bull markets, we got the bull seasons and there were no positive sentiments from the USA or any other governments. I will just take this as a positive event for the market.
Regardless of all the issues about Trump and Biden, bitcoin will still be moving upward and reach its new all time high soon, but I guess having seen Biden leaving the presidential candidacy also create a small impact to bitcoin but it’s never enough to guarantee bitcoin bull run in the next few months.