Bitcoin's rise is in part because some investors believe that this wave of Bitcoin's rise indicates that the market expects the pro-cryptocurrency Republican candidate Donald Trump to win the US presidential election. Bitcoin has risen about 13% over the past 7 days, which is much higher than global stock indices and gold. Billionaire Stan Druckenmiller cites cryptocurrency as one indicator of the market's digestion of Trump's victory. Trump previously vowed to make the US the global cryptocurrency capital, and his endorsement of the industry prompted Bitcoin to be classified as a so-called Trump deal, which became one of a series of bets surrounding his return to the White House.

Zhitongcaijing · 10/17 06:57
Bitcoin's rise is in part because some investors believe that this wave of Bitcoin's rise indicates that the market expects the pro-cryptocurrency Republican candidate Donald Trump to win the US presidential election. Bitcoin has risen about 13% over the past 7 days, which is much higher than global stock indices and gold. Billionaire Stan Druckenmiller cites cryptocurrency as one indicator of the market's digestion of Trump's victory. Trump previously vowed to make the US the global cryptocurrency capital, and his endorsement of the industry prompted Bitcoin to be classified as a so-called Trump deal, which became one of a series of bets surrounding his return to the White House.