Digital commodity analyst Alexander Good analyzed cryptocurrency market's position within the broader financial and political landscape, arguing that its acceptance in mainstream circles has significantly increased.
What Happened: Good argued in a detailed post on X on Monday that cryptocurrency is "inherently a right-wing asset class" due to its focus on highlighting excessive debt issues, which has historically hindered its institutional adoption. However, he notes a significant shift in the treatment of crypto by established financial players.
"Bloomberg's conciliatory coverage of crypto and the ETFs feels important. And why Soros fund being interested in crypto is similarly important," Good writes, suggesting that these developments indicate a tacit approval from influential government insiders.
He speculates that this change might be due to geopolitical factors, such as Russia's move to diversify its reserves away from the U.S. dollar after the 2014 Crimea invasion. Good posits that crypto now has an "uneasy official blessing" from powerful financial and political entities.
Contrary to popular belief, Good downplays the potential election risks for cryptocurrency. He argues that with major players like "Bloomberg, Soros, Blackrock, and the left-wing consortium" at the forefront of institutional adoption, the political risk for Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) may be overstated.
Good reminds crypto investors to "pay attention to the men proximate to the money printers" and suggests that current market conditions favor crypto investments.
Also Read: Scaramucci: 'It's Trump's Election To Lose'; Says What Kamala Harris Ought To Do To Win
Why It Matters: Good cautions traders that the current environment could change, urging them to remain vigilant and "reassess" if significant policy shifts occur. Good says this could change if Vice President Kamala Harris opines on why a Bitcoin ETF got listed, but that is unlikely.
Republican nominee Donald Trump has been an ardent supporter of cryptocurrency highlighted by his most recent remarks to build a strategic national crypto stockpile. At the recent Bitcoin conference, Trump stated "Never sell your Bitcoin... The United States will be the crypto capital of the planet and the Bitcoin superpower of the world, and we'll get it done."
On the other hand, Kamala Harris' stance on crypto remains ambiguous, as she has not made any public statement regarding the same. However, her camp has been contacting some crypto industry experts raising rumors that she also will take the pro-crypto stance, unlike President Joe Biden.
What's Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Shutterstock
数字货币分析师亚历山大·古德分析了加密货币市场在更广泛的金融和政治格局中的地位，认为它在主流圈子中的接受程度显著提高。
Good在周一的一篇详细发帖中认为，由于其专注于突出过度负债问题，数字货币在本质上是一个右翼资产类别，这在历史上一直阻碍了它的机构采用。然而，他注意到建立的金融参与者对加密货币的态度发生了重大变化。
Good表示:"彭博对加密货币和ETF的和解报道非常重要。萨罗斯基金会对加密货币感兴趣同样重要"，他认为，这些发展表明了有影响的政府内部人士的默许。
他推测，这种变化可能是由地缘政治因素导致的，例如俄罗斯在2014年克里米亚入侵后将储备多元化远离美元的举动。Good认为，现在数字货币在强大的金融和政治实体中已经拥有了"不适当的官方祝福"。
与普遍认为的相反，Good淡化了数字货币的潜在选举风险。他认为，随着"彭博、萨罗斯、贝莱德和左翼财团"等主要参与者领导机构采用，比特币(BTC)和以太坊(ETH)的政治风险可能被夸大了。
Good提醒数字货币投资者"关注靠近钞票打印机的人"，并表示当前市场条件有利于数字货币投资。
阅读更多: 斯卡拉穆奇: '这是特朗普的选举失败';称卡玛拉·哈里斯应该怎么做才能赢得选举。
Good警告交易者，目前的环境可能会发生变化，敦促他们保持警惕，如果出现重大政策转变，则"重新评估"。Good说，如果副总统卡玛拉·哈里斯对为什么上市比特币ETF发表意见，这种情况可能会改变，但这是不可能的。
共和党提名人唐纳德·特朗普一直是加密货币的坚定支持者，最近他在一次比特币会议上发表了"永远不要出售你的比特币......美国将成为地球上的加密资本和比特币超级大国，我们会做到的。"
另一方面，卡玛拉·哈里斯对加密货币的立场仍不明确，因为她没有就此发表任何公开声明。然而，她的阵营一直在联系一些加密货币行业专家，引发了有关她也将采取赞成加密货币的立场的传言，这与总统乔·拜登不同。
接下来：比特币作为机构资产类别的影响力预计将在Benzinga即将到来的数字资产未来活动中得到彻底探讨。日期是11月19日。
此内容部分使用人工智能工具生成，并由Benzinga编辑审查和发布。
图片：shutterstock
