Bloomberg ETF analyst: BTC’s sudden rise may be a response to the US presidential election
Bloomberg ETF analyst Eric Balchunas wrote on the X platform that BTC suddenly surged today, possibly as a reaction to the US presidential election. Eric Balchunas added: "If anyone thinks that Bitcoin is not a good indicator worth paying attention to today, please tell me the reason. In my opinion, BTC seems to be a clean indicator because it is an issue in the election. Stocks and bonds are not as important, but I am willing to listen to other ideas."
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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