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CoinDesk Podcast Network
MARKETS DAILY: Crypto Update | Bitcoin's Role in the Upcoming Election
Jun 24, 2024
Sam Callahan, Senior Analyst at Swan Bitcoin, discusses the short-term price correction in Bitcoin and Ether, institutional investors' interest in Bitcoin, and its role in the upcoming election. They highlight Bitcoin's value as a hedge against currency debasement and a store of value, emphasizing its impact on single-issue voters.
15:28
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Quick takeaways
- Bitcoin and Ether are experiencing a short-term price correction due to profit-taking and ETF outflows.
- Bitcoin's value as a hedge against currency debasement remains strong, influencing its role in the upcoming election.
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