FalconX Research Director: Bitcoin Market Shows Obvious Bullish Bias Around US Election Options Activity

Odaily Planet Daily News: David Lawant, the research director of cryptocurrency market maker FalconX, said, "I believe the market consensus is that Bitcoin is likely to perform well regardless of the election outcome. Our analysis shows that the market is showing a clear bullish bias around options activity around the upcoming election." Republican candidate and former President Trump openly supports cryptocurrency, to the point that Bitcoin is seen as a so-called "Trump trade. His Democratic opponent, current Vice President Harris, has promised to support the regulatory framework for the industry, which contrasts with the Biden administration's crackdown on the industry. Non political factors such as further interest rate cuts by the Federal Reserve are seen as fueling optimism. （Bloomberg）