Analysis: On the eve of the US election, funds are betting on a type of asset that is not gold, not bonds, and not the US dollar
according to an analysis by the Hong Kong Economic Daily, Bitcoin recently broke through and is expected to reach a historic high in speculation about the potential results of the US election. The correlation between the price of Bitcoin and the inflow of funds is expected to further increase, and liquidity will become an increasingly important price driver. Last week, global funds poured into the US market's Bitcoin spot trading fund, betting on Trump's victory in the US election, and his support for Bitcoin was seen as a "Trump trade". The market expects the size of the US Bitcoin ETF to double by 2025 and quadruple by 2027. As for Hong Kong investment options involving Bitcoin, we will have to wait and see.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump says US economy faces transition with 60% recession risk

Bitcoin Reaches $97K Amidst Sluggish Network Activity: Time for Investor Alarm?
Unpacking the Paradox: Skyrocketing Bitcoin Values Amidst Noticeable Downturn in Network Activity

XRP price risks 45% decline to $1.20 — Here is why
Ethereum Analyst Foresees 2025 Breakout Despite Market Trends
Trending news
MoreCrypto prices
More








