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Cryptocurrency executives expect Bitcoin to thrive, irrespective of election results

Kate Graham-Shaw

Summary: Bitcoin (BTC) is still expected to flourish regardless of U.S. election results, a top industry executive has stated. “Trump wins = brrr, Biden wins = brrr. Either way bitcoin wins,” Grayscale CEO Barry Silbert wrote in a Tweet on Thursday. “brrr” refers to the growth of U.S. dollar supply. His conclusion comes after Grayscale, a ...

Bitcoin (BTC) is still expected to flourish regardless of U.S. election results, a top industry executive has stated.

“Trump wins = brrr, Biden wins = brrr. Either way bitcoin wins,” Grayscale CEO Barry Silbert wrote in a Tweet on Thursday. “brrr” refers to the growth of U.S. dollar supply.

His conclusion comes after Grayscale, a major cryptocurrency investment firm, released a Bitcoin study on Oct. 27. Research found that interest in cryptocurrencies is still on the rise, despite the uncertain economic atmosphere. “In 2020, more than half (55%) of survey respondents expressed interest in Bitcoin investment products,” the study states. “This marks a significant increase from the 36% of investors who said they were interested in 2019.” By Kate Graham-Shaw

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