Matrixport: Bitcoin demand surges as Trump's chances of winning and ETF purchases rise

Odaily News Matrixport released a chart today saying that in November 2016, when Trump was first elected, the price of Bitcoin was about $700 per coin, and it rose sharply in his first year in office. Although a single data point is not enough to form a trend, market optimism remains high, and many believe that if Trump is re-elected, regulation will be relaxed, and Bitcoin may rise further. The current gambling market predicts that Trump's chances of winning are as high as 66.5%, which may be one of the largest leads in history. At the same time, the demand for Bitcoin continues to increase, and the recent single-day purchase of Bitcoin ETFs reached $800 million, further reducing the supply of Bitcoin on exchanges.