Analysis: On the eve of the U.S. election, funds are betting on a type of asset that is neither gold nor debt nor dollars

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Bitget2024/11/03 10:32

According to an analysis by the Hong Kong Economic Times, Bitcoin has recently broken upwards and is expected to reach a historic high amid speculation about the potential results of the U.S. election. The correlation between Bitcoin prices and capital inflows is expected to rise further, with liquidity becoming an increasingly significant price driver. Last week saw massive global funds pouring into US market's Bitcoin spot trading funds, as markets bet on Trump winning the US election, and his support for Bitcoin was seen as a "Trump trade". It is anticipated that the scale of US spot bitcoin ETFs may double by 2025 and increase fourfold by 2027. As for Hong Kong investment options riding on Bitcoin, we can wait and see.

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