Dorman, the chief investment officer at Arca, said so long as there is a clear winner in the election, risk assets are in line for a “huge rise.” He did add a victory for Joe Biden might lead to “an unprecedented level of government spending” and, in turn, could boost things like gold and Bitcoin as hedges to inflation. Bitcoin is up 80% in 2020.
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Bitcoin Is Election-proof: Dorman
Risk assets, like Bitcoin, are going to rise above market uncertainty regardless of who voters put in Oval Office. That's according to cryptocurrency hedge fund investor Jeff Dorman. So reports Markets Insider.
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