Hong Kong media: BTC broke upward recently, and on the eve of the US election, funds bet on a type of asset that is not gold, not bonds, and not the US dollar

PANews, November 3 news, according to the Hong Kong Economic Daily report, Bitcoin has recently broken through and is expected to hit a new high in the speculation about the potential results of the US election. The correlation between Bitcoin price and capital inflow is expected to further rise, and liquidity will become an increasingly greater price driver. Last week, large-scale global funds flowed into the Bitcoin spot trading fund in the US market, with the market betting on Trump's victory in the US election, and his support for Bitcoin is seen as the "Trump trade". The market expects the size of the US Bitcoin spot ETF to double by 2025 and grow fourfold by 2027. As for the Hong Kong investment choices that have boarded Bitcoin, we can wait and see.