CoinShares’ Butterfill: Bitcoin Has Priced In Democratic Sweep, Room to Rebound

Cointime reports: CoinShares research head James Butterfill said Bitcoin has largely priced in a sweeping Democratic win in the Nov. 3 U.S. midterm elections and has room to rebound as uncertainty clears, adding that the expected outcome need not trigger another selloff. He warned the bigger concern is slower crypto reform, with the Clarity Act facing a harder path and probes into Trump-linked businesses potentially draining political capital. U.S. crypto stocks, especially exchanges and token issuers, may be more sensitive than Bitcoin, he said.