数据显示，在截至10月18日（上周五）的六天内，美国比特币现货ETF共吸引了近24亿美元的净流入，这也与人们押注特朗普将赢得美国大选的胜率升高有关。①On Monday, the price of bitcoin hit a new high since June, which is related to a large inflow of funds into bitcoin ETF last week; ②Investors are more bullish on the possibility of Trump winning the usa election, which is also the underlying logic for the rise in bitcoin price this time.
On October 21st, according to Caixin, due to a large amount of funds flowing into bitcoin ETFs, as well as the significantly increased chance of Trump's reelection, the expectation of a friendly regulatory environment for the cryptocurrency industry has strengthened, leading to another rise in bitcoin.
As of the time of publication, $Bitcoin (BTC.CC)$ The price is close to $70,000, reaching its highest level since June. The second-ranked Ethereum and other small tokens also followed the uptrend.
Data shows that in the six days ending on October 18 (last Friday), the US bitcoin spot ETF attracted nearly $2.4 billion in net inflows, which is also related to the increased likelihood of people betting on Trump's victory in the usa election.
In the seven days leading up to last Sunday, bitcoin has risen by nearly 10%, marking its best weekly performance in over a month. Year-to-date, bitcoin has surged by 61.6%, far exceeding the Nasdaq 100 index's 20.7%.
Will it go up or down?
Trump, by continuously promoting his support for cryptos, has successfully incorporated bitcoin into the 'Trump trade', linking the rise and fall of bitcoin with Trump's chances of winning. Thus, the price of bitcoin has become one of the key indicators for the market to determine the election results.
With only 15 days left until the US presidential election, the price of bitcoin has risen to a recent high, undoubtedly indicating that investors are doubling down on their bullish view on Trump's victory.
Last month, Standard Chartered Bank predicted that if Trump wins, the price of bitcoin could be pushed up to $125,000, while a Harris win would also benefit bitcoin, with its price potentially rising to $75,000.
Although Harris is not as enthusiastic as Trump, she has made it clear that she will be more friendly to the cryptocurrency industry.
However, some institutions predict that a Trump victory will undoubtedly push up the price of bitcoin, but Harris coming to power will lead to a huge drop in the price of bitcoin. Bernstein predicts that a Harris victory will suppress the price of bitcoin to $0.03 million, a swing that could mark the largest risk to date.
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