Liquid Capital founder Arthur Yi said in a post on X that Republicans are likely to lose control of both the U.S. Senate and House, with the race in Texas, a key battleground, also looking precarious. Based on that view, he said U.S. equities may continue their pullback.
Yi also said Bitcoin had already shown rebound demand during a roughly 40-day correction window. Still, he added that Bitcoin has not yet pulled back to what he described as an ideal level after the Binance black swan event and Donald Trump’s loss in the midterm election.
Even so, Yi argued that Bitcoin has shown stronger resilience than U.S. stocks within the current bull-market trend. He said that relative strength has been visible even as nearly all external conditions have remained negative. The comments were reported by Odaily.
Odaily reported that Liquid Capital founder Arthur Yi said in a post on X that Republicans are likely to lose control of both the U.S. Senate and House, while the election situation in Texas, a key battleground, is also looking fragile.
Against that backdrop, Yi said U.S. stocks may continue to pull back.
He added that Bitcoin had already shown signs of rebound demand during a roughly 40-day correction period. At the same time, he said Bitcoin has not yet retraced to an ideal level following the Binance black swan event and Donald Trump’s loss in the midterm election.
Even so, Yi said Bitcoin has shown stronger resilience than U.S. equities in the current bull-market trend, especially with external conditions remaining almost entirely negative.
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