Analysis: On the eve of the US election, funds are betting on a class of assets, not gold, not debt, not dollars
2024-11-03 10:06:21
Hong Kong economy daily newspaper articles analysis bitcoin recently breaking the positiondesk3cryptocurrencydesktopCrypto News
According to an analysis published by the Hong Kong Economic Daily, bitcoin has broken up in recent days, and is expected to hit a new record high in speculation about the potential outcome of the US election. The correlation between bitcoin price and capital inflows is expected to rise further, and liquidity will become an increasingly large price driver. Bitcoin spot exchange funds, which saw a large influx of global funds into the US market last week, are betting that Trump will win the US election, and his support for bitcoin is regarded as a "Trump trade". The market expects the size of spot bitcoin ETFs in the United States to double by 2025 and quadruple by 2027. For Hong Kong investment options to take advantage of bitcoin, we can also wait and see.
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