Bloomberg ETF Analyst: Bitcoin's Sudden Rise Could Be One Reaction to US Presidential Election

Bloomberg ETF analyst Eric Balchunas said in a post on the X platform that BTC's sudden and instantaneous rise today may be part of a reaction to the U.S. presidential election.

Eric Balchunas added, ‘If anyone thinks Bitcoin is not a good indicator to watch today, please tell us why. BTC seems like a clean indicator to me as it is an issue in the campaign, stocks and bonds less so, but I'm open to other ideas.’