They are in a better position now but it's still definitely a two horse race and Republicans could well win. There's a rumour that Harris has will announce SEC chief Gary Gensler as her Treasury Secretary which is a really big deal for the crypto industry, which has expanded massively this year with the introduction of ETF's and become very relevant to the election. An excerpt from an article which questions whether the rumour is true or not;
"Gary Gensler is (let’s just say it) universally disliked in crypto for the SEC’s frequent aggressive “enforcement actions” and for his unwillingness to be clear about what is and what isn’t legally permissible when it comes to digital assets.".
Crypto will swing votes in this election and Trump has embraced it with promises of making everyone rich. That's all it will take to win if Harris appears that she wants to throw a spanner in the works IMO. It will also advantage Putin in his war if Trump wins so expect maximum interference over the next couple of months before the election, I imagine there will be a lot happening to keep our fingers scrolling. The crypto bull run is scheduled to start next month and end in September next year, it's very important and the Democrats haven't handled crypto well at all. They're dinosaurs in that regard.
As for the BSX strategy to find IRA compliant supply it's a good one but Europe is the perfect market already for what BSX can produce as is Australia and if we can organise supply of Australian concentrate we'll nail it for the US too, not to mention right here in Aus and that should be easy given the local industry needs to find a way to be competitive with China and BSX is a viable option, at an advanced stage of the planning and permitting process having planned to be in production by next year.
BSX Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held
