It's not only the Federal Reserve's interest rate cuts that will impact bitcoin prices. The 2024 election will too.

Galaxy Digital CEO Michael Novogratz, speaking with Market Domination anchor Julie Hyman from the Future Proof conference, says if former President Donald Trump wins, bitcoin (BTC-USD) will be "off to the races." If the victor is Vice President Kamala Harris, Novogratz thinks as along as her crypto policy is "decent," prices could be "much higher" a year from now.

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This post was written by Stephanie Mikulich.