Independent Candidate Usharani Challenges PAP in Mountbatten SMC
In a surprising turn of events, independent candidate Usharani d/o Suppiah secured a significant portion of votes in the Mountbatten SMC constituency during the 2020 Singapore General Election. Her campaign, focused on promoting technology and digital currencies, resonated with voters.
Usharani, known for her advocacy of blockchain and cryptocurrencies, ran on a platform that emphasized the opportunities and challenges these technologies present for Singapore. Her stance on Bitcoin and other cryptocurrencies was a key aspect of her campaign.
In a remarkable outcome, Usharani received 36.57% of the votes, challenging the long-standing incumbent from the People's Action Party (PAP), Lim Biow Chuan. This result was unprecedented for an independent candidate in Singapore's typically dominant party system.
Meanwhile, in global markets, Bitcoin's prospects remain bullish. Despite recent price fluctuations, analysts predict a resumption of its 2025 bull run. Short-term holders are still profitable, and market optimism is driving the price towards new all-time highs. Bitcoin has already surged 73% from its previous low, reaching a record high of $73,800 on March 14, 2024. Technical indicators, such as the bull flag pattern on the weekly timeframe, suggest a significant price increase is on the horizon. Global market trends, like the 'Sell America' trade, are expected to boost alternative investments, including cryptocurrencies. US-based spot Bitcoin ETFs have seen substantial net inflows, with a projected upper target of $180,000, representing a 74% rise from current levels. The Bitcoin Fear and Greed Index score of 74 indicates a prevailing sense of 'greed' in the market.
Usharani d/o Suppiah's strong showing in the Mountbatten SMC constituency signals a shift in Singapore's political landscape, with voters showing support for independent candidates with tech-focused agendas. In the global market, Bitcoin's prospects remain robust, with analysts predicting a continued rise towards new all-time highs, driven by market optimism and global investment trends.
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