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Bitcoin Proponent Anthony Scaramucci Reveals How US Presidential Election Will Affect Cryptocurrencies
Cryptocurrencies continue to be a major talking point ahead of November’s US presidential election. Anthony Scaramcci, the founder of SkyBridge Capital and Bitcoin (BTC) lawyer, recently discussed the impact that the US presidential election could have on the cryptocurrency market. Crypto tokens such as ETFSwap (ETF) are set to benefit enormously from the consequences of the ballot box.
ETFSwap (ETFS) will be a huge opportunity for the global cryptocurrency industry
ETFSwap (ETFS) is an investment platform set to have a huge impact on global finance by integrating traditional finance (TradFi) with decentralized finance (DeFi). The platform tokenizes exchange-traded funds (ETFs) and combines them with the basic principles of decentralization.
Users on ETFSwap (ETFS) can trade these tokenized ETFs alongside cryptocurrencies on the platform. The decentralized trading platform allows users to trade their ETFSwap (ETFS) tokens for other crypto assets without the need for a third party. The ETFS token is also what investors will convert into their ETF of choice when they invest.
In addition to ETFs and cryptocurrencies, ETFSwap (ETFS) provides access to various commodities, including gold, silver, and crude oil, among others. Using the DeFi platform to invest is very simple, as Know-Your-Customer (KYC) requirements are not mandatory, meaning users can start investing in seconds.
ETFSwap (ETFS) has also committed to ensuring that investors on the platform enjoy substantial returns on their investments. The trading platform has integrated advanced artificial intelligence (AI)-based tools (ETF Screener and ETF Tracker), which provide users with the best recommendations based on big data analysis. It also offers leveraged trading for ETF trades. Users can use up to Leverage 50x on their ETF investments, maximizing their gains and enjoying higher returns. The trading platform also offers perpetual trading services, allowing users to keep their trades open for as long as they want.
The ETFSwap (ETFS) beta platform is expected to launch in 30 days, meaning now is the perfect opportunity to accumulate the ETFS token ahead of the event. Additionally, ETFSwap (ETFS) is still being sold at discounted price of $ 0.01831 in its ongoing pre-sale and will take off once the beta platform launches, with the trading volume it will enjoy right from the start.
The US presidential election could bring new highs for Bitcoin
Scaramucci he noted that the US presidential election could bring new all-time highs (ATH) for Bitcoin (BTC). He specifically mentioned President Joe Biden winning the US presidential election in November as a catalyst for Bitcoin (BTC) to reach a new ATH. Scaramucci predicts that Bitcoin (BTC) could rise to $250,000 if Joe Biden wins the US presidential election.
Donald Trump recently expressed his support for Bitcoin (BTC) and other cryptocurrencies. He promised to end Biden’s war against Bitcoin (BTC) and cryptocurrencies in general if he wins the US presidential election.
However, Scaramucci doubts whether Trump’s intentions are genuine and noted how the former US president was against Bitcoin (BTC) and other cryptocurrencies while he was president. Scaramucci believes Trump simply changed his stance on Bitcoin (BTC) to gain votes. Therefore, he hinted that Trump might return to his anti-cryptocurrency stance if he ultimately wins the US presidential election.
On the other hand, Scaramucci said that the Biden administration is open to Bitcoin (BTC) and other cryptocurrencies, even if it may not seem that way. The SkyBridge founder reiterated that things will only get better for Bitcoin (BTC) and the cryptocurrency industry if Biden emerges victorious from the US presidential election in November.
Conclusion on the way forward for ETFSwap (ETFS)
Scaramucci predicted that other layer-1 ETFs will likely be approved after the Spot Ethereum ETFs are approved. This is significant for ETFSwap (ETFS) as the value of the crypto token will skyrocket as more crypto funds are approved, as they will be actively traded on the investment platform. Analysts predict that the crypto token could enjoy a 100x profit as its demand increases. Therefore, you cannot afford to miss ETFSwap (ETFS) while it is still undervalued at its value current price of $0.01831.
For more information on the ETFS cryptocurrency presale:
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