Behind the Bitcoin Surge, What Changes Could Trump's Re-election Bring?
Does Trump's re-election as President of the United States mean that the Bitcoin frenzy has just begun? Recent movements in the futures market seem to provide an answer. The basis in the futures market suddenly soared, and the premium on perpetual contracts also broke the largest increase since March, indicating a strong risk appetite for Bitcoin in the market.
Analysts from K33 Research suggest that under Trump's re-election, it would not be surprising for Bitcoin to break $75,000. The market expects that Trump may relax regulations, giving cryptocurrency investors more room for growth. Some analysts even predict that Bitcoin will reach a breakthrough of $80,000 by the end of November! This all seems not too far off.
However, the market enthusiasm is not without risks. The founder of the quantitative trading firm Dexterity Capital points out that while investors are full of expectations for Trump's relaxed regulations, the cryptocurrency market has experienced several significant fluctuations over the past few years, and the risk of a short-term pullback still exists.
But from a longer-term trend perspective, with more funds flowing in, Bitcoin may find support at historical highs and continue to rise. This is undoubtedly good news for cryptocurrency investors, but remember that the market can adjust at any time. After all, the market is not static.
Are you ready to embrace this wave of Bitcoin rise?
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The above content is for information sharing only and does not constitute any investment advice! Investing involves risks, and caution is required when entering the market!
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