"Trump 2.0", why is bitcoin skyrocketing while gold is plummeting.

Analysis suggests that 'Trump 2.0' may lean towards a 'small government' ideology, reducing government intervention and avoiding expansionary fiscal expenditures, which is bullish for bitcoin as a 'decentralized' asset. This cautious fiscal style also suppresses the safe-haven properties of gold, weakening its attractiveness as a hedge asset.

wallstreetcn10:39

Across the board breakthrough! Last night, these four numbers interpreted the "Trump trade".

1) 350, 6000, 44000, 88000 - Do you know the meaning of these series of numbers? 2) They represent the integer positions reached by Tesla, s&p 500 index, Dow Jones, and Bitcoin respectively yesterday's breakthrough.

cls.cn09:32

The US dollar, bitcoin, and Tesla are surging! Investors are all in on the 'Trump trade'.

The 'Trump trade' is causing a new wave, the dollar hitting a more than four-month high, non-US currencies under pressure; Bitcoin is unstoppable, aiming for the milestone of 0.1 million US dollars before the end of the year; Tesla, since the election day, has seen an almost absurdly large rebound of 39%.

wallstreetcn09:14

Express News | Trump is looking for candidates to support cryptos for financial institutions.

Breakings07:22

Bitcoin skyrocketed to over 88,000 dollars, with traders betting it will break 100,000 dollars before the end of the year.

Bitcoin hits a new high in the "undeniable bull market", it is reported that Trump is preparing to have the US government take a more lenient stance on cryptos, he is looking for key candidates friendly to the crypto industry.

Golden10 Data07:05

Witness history! Bitcoin breaks through $89,000, cryptos concept stocks soar across the board.

Digital currencies started to surge fiercely over the weekend and continued to accelerate on Monday. The top digital currencies by market cap all skyrocketed. Ethereum and Solana both saw a cumulative increase of about 40% in the past 7 days, higher than Bitcoin's 31%. Dogecoin, supported by Musk, doubled in value over the week. Major Bitcoin holder MicroStrategy stated that it spent approximately $2.03 billion to buy around 0.0272 million bitcoins, marking the largest purchase since December 2020. Blackrock's Bitcoin ETF IBIT has an asset under management exceeding one of the largest gold ETFs, IAU.

wallstreetcn06:57