GSR analyst: The election will not affect Bitcoin too much, and many unissued projects are waiting for the election results

GSR Research Analyst Toe Bautista said the entire cryptocurrency market is also in a wait-and-see mode. But the good news is that he believes that no matter who wins, Bitcoin is "indestructible." Analysts said that from the perspective of altcoins, many project parties have been waiting for the opportunity to observe the issuance of other tokens and the results of the election. When the project party does not know whether the token they are going to deploy will be sued by the U.S. Securities and Exchange Commission in two months, not many project parties are willing to issue coins now. But this did not stop his outlook for the first and second quarters of next year. Toe Bautista believes that if macro conditions remain favorable, Bitcoin prices may rise further. "It is easy to foresee that Bitcoin will rise to $80,000, whether it is Q1 or the end of next year."