Bitcoin (BTC-USD) has been through a bumpy ride ever since it hit its peak of over $73,000 earlier this year, falling under $60,000 this week after four-straight days of losses. With crypto becoming a core issue for voters this US election season, will the asset class see more volatility after November 5?

Professional Capital Management Founder and CEO Anthony Pompliano joins Market Domination Overtime to give insight into the latest movements in crypto and how it could operate moving forward.

Pompliano outlines three reasons why crypto is underperforming: "We kind of go sideways historically over the summer when people come back, they sit in front of their computers, and they start buying assets."

Furthermore, he views interest rate cuts by the Federal Reserve as an accelerant for capital to flow "into risk assets like bitcoin... and you'll see price kind of break out." Lastly, Pompliano believes if former President Donald Trump is re-elected, " there's a lot of folks who are kind of looking at him as the pro-bitcoin or pro-crypto candidate. And I would expect bitcoin to rally on his re-election as well."

Pompliano claims Trump is more open to the crypto community and would lead to better movement for the space because he "actually held a meeting with bitcoin miners, and he sat, and he listened to them."

Pompliano feels Vice President Kamala Harris still needs to show her true stance on digital assets.

"I think the most powerful thing that Vice President Harris could do is to start to take actions to support the industry, show rather than tell," Pompliano says, later adding: "If she was able to take one or two different actions that showed she was becoming more sympathetic and kind of pro-bitcoin, pro-crypto, I think it would really help her election campaign."

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Nicholas Jacobino