Bitcoin has not priced in potential Democratic midterm victory, Hilbert CIO warns
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Hilbert Group CIO Russell Thompson warned that Bitcoin has not priced in the risk of a potential Democratic victory in the upcoming midterm elections, with the asset testing $77,000 support following the Binance hack. Thompson argued that a Democratic sweep could bring tighter crypto regulation and fiscal spending pressures, risks he believes are currently underappreciated by the market. The warning comes as Bitcoin trades near multi-month lows, with the $77,000 level acting as a key technical line for traders. The Binance hack has added to downside pressure, compounding macro and political uncertainty across crypto markets. Market participants should watch whether Bitcoin holds the $77,000 support and how election polling shifts in the weeks ahead.
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Bitcoin (BTC), Hilbert Group, Russell Thompson, Binance
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