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Crypto may emerge as the primary “Trump Trade” during the current election cycle with Republican prospects improving and the party’s standard bearer increasingly embracing a pro-crypto viewpoint, according to Bernstein. https://t.co/jd4xseP6xI
Crypto May Become the New ‘Trump Trade,’ Bernstein Analysts Say So why my Trump shitcoin dumping then Mr. Bernstein?
Crypto May Become the New ‘Trump Trade,’ Bernstein Analysts Say
Bernstein analysts suggest that cryptocurrency, particularly Bitcoin, could become the primary 'Trump trade' if election sentiment shifts more Republican. This potential shift is linked to the Republican party's increasing pro-crypto stance. The analysts note a significant contrast in market movements, with $14 billion flowing into Bitcoin ETFs while $1 billion flows out. Additionally, the launch of an Ethereum ETF has raised some concerns. Bitcoin and crypto are seen as the 'ultimate Trump trade' in this scenario.