Expert in Cryptocurrency Forecasts Positive Trend for Bitcoin and Alternative Coins

Furthermore, Rekt Fencer emphasized that future political happenings and adjustments in regulations could serve as positive triggers for Bitcoin and alternative cryptocurrencies. He specifically mentioned the 2024 US Presidential elections as a key political event to watch out for. According to him, commitments from contenders such as Donald Trump to back the industry elevate the crypto market to a critical political concern. Moreover, he observed that central banks in nations like Canada and Switzerland have already decreased interest rates, hinting that the US might do the same, which could potentially reinvigorate the market.