Analyst: Bitcoin will benefit from'Trump trade 'ahead of November US election
Bitcoin is expected to benefit from the "Trump trade" in the next 105 days before the November election, according to a ZeroCap cryptocurrency market report on Monday, and the digital asset, as well as certain stocks, could be buoyed by expectations of a Donald Trump victory... "The'Trump trade 'has become a major catalyst for bitcoin's continued rise, with investors flocking to energy, banking and bitcoin," ZeroCap analysts said. "Biden's withdrawal from the race and support for Harris increases the chances of a Trump victory."
Note: The "Trump deal" is an investment based on the assumption that Republican candidate Donald Trump is likely to win this year's US Presidential Election.