29 oct 2024

Is Bitcoin expected to set New All-Time Highs?

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Is Bitcoin expected to set New All-Time Highs?

For the first time since July Bitcoin crossed this morning the $71K mark, bolstered not only by the inflows of the ETFs dedicated but also by recent US pool that shows that the Republican presidential candidate Donald Trump leads his Democratic rival Kamala Harris 47% to 45%. 

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Former president Donald Trump, who once dismissed bitcoin as “not money,” has been embracing digital assets during the campaign and made several cryptocurrency-friendly policy commitments. Bitcoin might be ready for another bull run, supported by the Institutional interest and market fundamentals.

 


By: António Costa, Alcral AG Head of Global Investments