Where Does Bitcoin Adoption Face Political Uncertainty?
With increasing focus on how political and market dynamics will affect the cryptocurrency’s future, industry professionals are discussing Bitcoin’s changing relationship with macroeconomic trends.
Bitcoin’s Macro Correlation Grows
Rob Nelson, the host of Roundtable, Mason Jappa, the co-founder and CEO of Blockware, and Craig Shapiro, the founder of The Alethea Narrative, recently discussed the growing relationship between Bitcoin and conventional markets. Rob Nelson started by remarking,
“For so long, people thought Bitcoin wouldn’t correlate with macro trends, yet now we’re seeing some correlation with what’s happening in traditional financial markets.”
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Potential Decoupling in the Long Run
Mason Jappa expressed hope that Bitcoin would one day become independent of conventional markets.
“I think at some point we will see an un-correlation event where Bitcoin really breaks off,” he remarked.
Jappa’s optimism stems from institutional adoption and his expectation of a post-halving bull market that should materialize in the second half of 2025.
Read more: Bitcoin ATM Scams Cost Americans Over $10 Million Per Month in 2024
Political Fears in the Short-Term
Craig Shapiro, on the other hand, adopted a more cautious approach, raising issues with the short-term dynamics of the market and politics. He highlighted how Bitcoin served as a “release valve” during recent liquidity crises and stressed that the impending U.S. election could cause volatility in the following eight to ten weeks. “My concern is shorter term,” Shapiro cautioned, emphasizing the usefulness of Bitcoin in difficult financial situations.
Institutional Adoption at an All-Time High
Though the two experts had different opinions regarding how Bitcoin relates to broader trends, they both felt that institutional usage is growing. “Institutional top adoption has never been higher,” according to Jappa’s summary, highlighting the expanding significance of Bitcoin in international banking.
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FAQs
Despite the fact that there has been some correlation between Bitcoin and conventional financial markets, experts think there may eventually be a decoupling, particularly with rising institutional usage.
Given the looming political unrest, the U.S. election may trigger short-term market volatility for Bitcoin.
After Bitcoin’s next halving event in the second half of 2025, experts predict a possible bull market.
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