According to Ryan Kirkley, co-founder and CEO of Global Settlement Network, the outcome of the US midterm elections is unlikely to be the main factor determining Bitcoin’s price. Borrowing costs, dollar strength, global liquidity and investors’ appetite for risk remain more decisive. Bitcoin traded around $77,302 on Tuesday after recovering above $77,600. Kirkley expects regulatory clarity to play a larger role in driving meaningful institutional adoption in 2027. He anticipates another serious effort by Congress to pass crypto market structure legislation, despite significant disagreements over the scope of securities laws and the CFTC’s authority.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
