JPMorgan: If Trump wins, bitcoin and gold are expected to rise further
Retail investors are flocking into bitcoin and gold etf in large numbers before the election. Jpmorgan believes that in the event of Trump's victory, both may have greater upside potential.
Latest news on cryptos | Market sentiment significantly drops, bitcoin once fell below the $69,000 mark; Before the US election, global largest bitcoin etf saw record inflows.
Former USA President Trump posted on social media platform X: "I want to wish our great bitcoin enthusiasts a happy 16th anniversary of Satoshi Nakamoto's whitepaper. We will end Harris's war on cryptos, Bitcoin will be made in the USA! Vote for Trump!"
Before the US presidential election, the largest bitcoin ETF in the world saw record inflows.
The prospects for both presidential candidates are bullish for cryptocurrency assets, with strong demand driving the influx of $0.872 billion into Blackrock's iShares Bitcoin Trust ETF, the world's largest bitcoin ETF, on Wednesday.
October 30th BTC/ETH spot etf net inflow/outflow
Yesterday (October 30), the net inflow of usa bitcoin spot ETF was 0.89321 billion USD; the net inflow of usa ethereum spot ETF was 4.36 million USD.
Latest crypto news | Bitcoin remains above $72,000; MSTR plans to raise $42 billion to buy coins, stating that bitcoin's yield has increased to 17.8% since the beginning of this year.
According to Cointelegraph, MicroStrategy's executive director Michael Saylor appears to have been deceived by a social media post containing false information about Trump's stance on taxing cryptos.
Bitcoin surpasses gold in annual increase! Approaching historical highs, how much further can the 'crazy surge' go?
After half a year, bitcoin once again broke through the $73,000 mark and is just one step away from the historical high of $73,793.68. Currently, the token price is stable above $72,000, with an increase of over 13% in October. It is worth noting that the trend of gold can be described as "leaving others in the dust", repeatedly hitting historical highs. However, in fact, looking at the year-to-date increase, bitcoin has accumulated a rise of over 70%, far exceeding gold's 35% increase. (Chart 1)