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Democratic Control of Congress and Cryptocurrency Market Outlook: Bitcoin Buy Recommendation and XRP Caution

The Motley Fool +2 · ·by G4L

  1. 1The Democrats took control of the Senate and the House in the November 3 midterm elections.
  2. 2Bitcoin's market capitalization of 1.43 trillion dollars is still small compared to gold's market capitalization of 27 billion dollars.
  3. 3XRP's market capitalization of 65.5 billion dollars may face difficulties due to regulatory and competitive issues.

So what's the key point?

The Democrats took control of Congress in the midterm elections. Bitcoin is smaller in scale than gold, and XRP may face challenges from regulation and competition.

Source The Motley Fool +2 · View original ↗

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