Moreover, Rekt Fencer emphasized future political occurrences and regulatory shifts as potential positive forces for Bitcoin and alternative cryptocurrencies. He specifically referenced the 2024 US Presidential elections as a key political event to watch. According to him, pledges from contenders such as Donald Trump to back the industry elevate the crypto market to a prominent political concern. Additionally, he observed that central banks in nations like Canada and Switzerland have already decreased interest rates, hinting that the US could do the same, potentially breathing new life into the market.
