Analysts from Bernstein believe that as Trump’s chances of winning the election increase, Bitcoin will respond positively and gradually strengthen its position.
An attempt on Trump’s life triggered a significant influx of investments into cryptocurrency. Trump’s statement on the need to develop the cryptocurrency market contributed to the growth of mining company stocks.
The net inflow of capital into Bitcoin ETFs exceeded $2 billion over two weeks. Since the beginning of the year, this figure has reached over $17 billion.
Currently, the total amount of funds under the management of crypto funds has reached $60 billion.
Bernstein suggests that the crypto-effect of “Trumpism” will strengthen, provided that Trump’s position remains strong.
