CK Zheng, Chief Investment Officer of the crypto hedge fund ZX Squared Capital, believes BTC will benefit from the upcoming election, regardless of the winner, due to both parties' failure to address rising debts and deficits. The hedge fund notes that BTC has historically rallied in the fourth quarter, especially in years with halving events like 2020, and anticipates a new all-time high in Q4 2024 or shortly after. They also highlight that BTC rallies often trigger increased retail interest and media attention, driving wider adoption. The firm believes a 50 basis point rate cut by the Fed could further boost BTC, especially if the economy achieves a soft landing, with Bitcoin’s growing "digital gold" narrative attracting institutional capital amid market volatility. Source: Cointelegraph
