Matrixport: Bitcoin demand surges as Trump's chances of winning and ETF purchases rise

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ODAILY
a day ago
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Odaily Planet Daily Report: Matrixport released a chart today, stating that in November 2016, when Trump was first elected, the price of Bitcoin was around $700 per coin, and it rose significantly in his first year in office. Although a single data point is not enough to form a trend, the market's optimistic sentiment remains high, and many believe that if Trump is re-elected, he will relax regulations, and Bitcoin may rise further. Currently, the betting market estimates Trump's probability of winning at 66.5%, which could become one of the largest leads in history. At the same time, the demand for Bitcoin continues to increase, with a recent single-day Bitcoin ETF purchase volume of $800 million, further reducing the supply of Bitcoin on exchanges.

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