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19.11.2024 10:04:01

Hashdex: Post-election recap: Three takeaways for crypto investors | Read our latest Notes from the CIO 

Following the US elections, bitcoin reached new highs, reflecting market optimism over a pro-crypto president and Congress set to take charge in January.

The support for crypto was overwhelming. There were 268 Congressional candidates and 19 candidates for the Senate that were elected and are considered pro-crypto, according to Stand with Crypto. This included the election of 50 of 58 candidates supported by the crypto industry.

Crypto has made its case to US policymakers and they have embraced it with open arms. This is a key factor setting 2025 up for what we believe will be an incredible year for this space.

For investors thinking about how to act based on the election results, we continue to advocate for taking a long-term view and getting diversified exposure to this asset class. We’ll continue to face uncertainty and volatility, but investors who maintain an extended horizon will benefit, just as they have in the past.

Read the Notes from the CIO