Moreover, Rekt Fencer emphasized that forthcoming political developments and regulatory shifts could serve as positive triggers for Bitcoin and alternative cryptocurrencies. He specifically cited the 2024 US Presidential elections as a key political milestone. He highlighted how pledges from contenders such as Donald Trump to back the industry elevate the crypto market to a prominent political concern. Additionally, he observed that central banks in nations like Canada and Switzerland have already reduced interest rates, indicating that the US may adopt similar measures, potentially injecting new life into the market.
