 US election outcome won’t slow Q4 Bitcoin rally, says hedge fund 
2024-09-30

Bitcoin’s price will benefit from the upcoming United States presidential election regardless of who wins, according to the investment chief behind ZX Squared Capital. 
The impact of April’s Bitcoin halving event has historically led to strong fourth quarters, and both US presidential candidates have failed to address a key issue that could play into Bitcoin’s favor, CK Zheng, chief investment officer of crypto hedge fund ZX Squared Capital, told Cointelegraph. 
Bitcoin has also benefited from uncertainties stemming from previous US presidential elections before the winning party was declared, and Zheng believes it won’t be any different this time.
CoinGlass data shows that Bitcoin has historically soared in the fourth quarter, rallying more than 50% six times since 2013. Years in which Bitcoin halving events occur often boosted those gains, too.
During the last halving, Bitcoin rallied 168% in the fourth quarter of 2020, which also happened to be the year the last US presidential election took place.
Zheng expects Bitcoin to notch a new all-time high in Q4 or soon after.
But Samantha Yap, CEO and founder of Web3 PR firm YAP told Cointelegraph that Bitcoin rallies and their resulting price rises are often the “least interesting aspect.” 
Meanwhile, Zheng said the Federal Reserve’s “aggressive” 50 basis point interest rate cut could also be “bullish” for Bitcoin and risk-on assets if the US economy can achieve a “soft landing.”
Central banks aim to achieve this soft landing by changing interest rates enough to stop an economy from overheating and experiencing high inflation but not enough to cause a downturn.
Source: Crypto Rover
If the Federal Reserve is successful, Zheng expects Bitcoin’s price to be highly correlated with the NASDAQ. 
Bitcoin is currently trading at $64,400, down 2% over the last 24 hours.