Analysis: Bitcoin miners see bright future after Trump attack

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Cointime2024/07/15 11:07

By:Cointime

Research and brokerage firm Bernstein analysts said that Bitcoin miners are facing a "perfect situation" with the "Trump factor" after the failed assassination attempt. Gautam Chhugani and Mahika Sapra stated in the report that Bitcoin mining is facing an increase in political change that favors Bitcoin, with the United States becoming the dominant center for mining and the latest chip production site, miners being valued for their lead in power interconnection, and becoming strong partners of AI data centers. According to analysts, the cryptocurrency market will interpret Trump's victory as a "more positive" signal, as the Biden administration cracks down on the industry, while Trump has made supportive statements about Bitcoin in recent months, including advocating for self-custody and Bitcoin mining. (The Block)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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