As the world eagerly awaits the outcome of the U.S. presidential election, there is speculation about how the results could affect crypto markets. While short-term volatility may occur depending on whether Donald Trump or Kamala Harris becomes the leader of the world’s largest economy, the bigger focus is on the broader integration of crypto, particularly bitcoin (BTC), into American finance.
One key development to watch is the increased adoption of bitcoin exchange-traded funds (ETFs). BlackRock (BLK), the largest asset-management firm globally, is at the forefront of running the largest bitcoin ETF. This move signals a growing acceptance of crypto in traditional financial institutions.
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With more institutional players entering the crypto space, the market is poised for further growth and mainstream adoption. The potential for bitcoin to become a widely accepted asset class in the U.S. financial system is becoming more tangible, regardless of the election outcome.
