GSR analyst: The election will not have an excessive impact on Bitcoin, and multiple projects that have not yet been issued are waiting for the election results

According to BlockBeats, on November 5th, GSR research analyst Toe Bautista stated that the entire cryptocurrency market is also in a wait-and-see state. But the good news is that he believes that regardless of who wins, Bitcoin is' indestructible '. Analysts say that from the perspective of altcoins, many project parties have been waiting for the opportunity to observe the issuance of other tokens and election results. When the project team does not know whether the token they want to deploy will be sued by the US Securities and Exchange Commission within two months, not many project teams are willing to issue coins now. But this did not stop him from looking ahead to the first and second quarters of next year. Toe Bautista believes that if macro conditions remain favorable, the price of Bitcoin may further rise. It is easy to foresee that Bitcoin will rise to $80000, whether it is in Q1 next year or at the end of the month