GSR analyst: The election will not overly affect BTC, and multiple unlaunched coin projects are waiting for the election results

On November 5th, GSR research analyst Toe Bautista stated that the entire Cryptocurrency market is also in a wait-and-see mode. The good news is that he believes BTC is “invincible” regardless of who wins. From the perspective of Alts, many project parties have been waiting for the opportunity, observing the situation of other Token issuances and election results. When project parties do not know if the Token they are about to deploy will be sued by the United States Securities and Exchange Commission within two months, not many project parties are willing to launch coin now. However, this has not stopped him from looking forward to the first and second quarters of next year. Toe Bautista believes that if the macro conditions remain favorable, the BTC price may pump further. “It is easy to foresee BTC rising to $80,000, whether it is in Q1 of next year or by the end of the month.”