Bloomberg ETF Analyst: Bitcoin's Sudden Rise Could Be One Reaction to US Presidential Election

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Bitget2024/11/05 15:37

Bloomberg ETF analyst Eric Balchunas said in a post on the X platform that BTC's sudden and instantaneous rise today may be part of a reaction to the U.S. presidential election.

Eric Balchunas added, ‘If anyone thinks Bitcoin is not a good indicator to watch today, please tell us why. BTC seems like a clean indicator to me as it is an issue in the campaign, stocks and bonds less so, but I'm open to other ideas.’

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.

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