Analysis: The regulatory outlook for the U.S. cryptocurrency industry is expected to improve after the November elections, boosting Bitcoin prices

ChainCatcher message, Bitcoin has outperformed stocks and gold this month, as more signs indicate that the regulatory outlook for the cryptocurrency industry in the U.S. will improve after the upcoming presidential election. Bitcoin rose 4% in October, surpassing global stock indices and gold so far this month.

Noelle Acheson, author of the "Crypto Is Macro Now" newsletter, stated: "This rise is primarily driven by the U.S. presidential election, initially fueled by Trump's lead in prediction markets and polls, and later by the Harris campaign's somewhat supportive statements regarding the crypto market. I haven't seen the details of Harris's cryptocurrency policy yet, but it sounds less negative than the Biden administration's."