Citi Shared the Bullish Scenario for Bitcoin and Cryptocurrencies!

Approaching ABD presidential elections as well as in the fields of politics and economy. Bitcoin (BTC) ve crypto para continues to be the focal point in the sector.

At this point, many analysts Donald TrumpWhile stating that a possible victory of ‘s would be positive for cryptocurrencies, Citi announced its current evaluations.

According to Coindesk news CitiRepublicans’ victory could revive cryptocurrency markets, Kamala HarrisHe argued that ‘s victory could increase uncertainty.

Citi stated in its report that a Republican victory in the upcoming US elections would be the most positive outcome for Coinbase and the cryptocurrency market because it would accelerate pro-crypto legislation such as FIT21.

Analysts led by Peter Christiansen said that even if Republicans win the Senate and Democrats control the House of Representatives, the results will still be positive and bullish for digital assets.

But Kamala Harris’ victory and the Republican Congress could bring uncertainty, as Harris has not clarified her stance on crypto and has yet to detail her crypto policy goals.

“Republican control of the Senate will be important for passing bills like FIT21 and confirming pro-crypto agency leaders. “With both houses of Congress aligned, the pace of digital asset reform is likely to be faster.”

Citi analysts Coinbase He added that they maintained their buy rating for the company, but lowered the price target from $345 to $275.

*This is not investment advice.