As Bitcoin once again attempts to break through the $70,000 resistance level, hitting a historical high, analyst from the research and brokerage company Bernstein stated that the inflow of Bitcoin exchange-traded funds, the cryptocurrency stocks market, and retail trading sentiment show a very high risk preference. Bernstein analyst Gautam Chhugani wrote that with the increasing possibility of Donald Trump, who openly supports cryptocurrencies, winning the U.S. presidential election, along with his competitor Kamala Harris issuing a more optimistic and clearer cryptocurrency policy statement, the market seems less concerned about downside risks and finds Bitcoin attractive.