Bernstein: Any signal of loose monetary policy and potential weakening of the US dollar are good for Bitcoin

Odaily Odaily News: Bernstein analyst Gautam Chhugani said that any signal of loose monetary policy and a potential weakening of the US dollar are good for Bitcoin. He pointed out that so far this year, Bitcoin has risen 45%, surpassing the 27% increase in gold. At a fundraiser held in New York last weekend, US Vice President Kamala Harris expressed her support for digital assets and publicly mentioned the crypto industry for the first time. Previously, former US President Donald Trump also took a pro-crypto stance and advocated a friendlier regulatory policy. Although the crypto community remains cautious about Harris's position, Bernstein analysts believe that Harris's statement and Trump's support indicate bipartisan support, which may bring more regulatory clarity. The momentum of Bitcoin ETF remains an important factor. Despite recent price fluctuations, Bitcoin ETF fund flows have remained net inflows, with cumulative inflows reaching $17 billion. (Decrypt)