сщзкBTC rate jump linked to Trump’s increased chances in US elections

It seems that Donald Trump’s chances of winning the presidential election have increased recently. And this, according to Bernstein, affects the dynamics of the price of the main cryptocurrency.

Analysts pointed to the dependence of the Bitcoin rate and the billionaire’s chances of winning. According to Polymarket, the chances have grown to 56.6%.

“Despite both sides indicating support for digital assets [the second candidate is Kamala Harris], the crypto market bid is stronger on Trump’s odds improving on the election prediction markets,” the experts noted.

Standard Chartered allowed BTC to return to its historical maximum even before the US presidential election. The key prerequisites are Trump’s chances of winning and the influx of capital into the BTC-ETF.

But BlackRock CEO Larry Fink does not link the growth of the first cryptocurrency with the elections. He simply believes that Bitcoin adoption will continue to grow around the world.

“We believe Bitcoin is an asset class in itself. It is an alternative to other commodities like gold. Conversations we’re having with institutions worldwide [are] about how they should think about digital assets, what type of asset allocation there should be,” Fink said.