Analyst: Bitcoin will benefit from the "Trump Trade" before the US election in November

PANews reported on July 22, according to The Block, based on Monday's ZeroCap cryptocurrency market report, it is expected that Bitcoin will benefit from the "Trump Trade" in the next 105 days before the November election. This digital asset and certain stocks may be boosted by expectations of Donald Trump's victory. ZeroCap analysts said: "'Trump Trade' has become a major catalyst for driving Bitcoin higher, with investors buying into energy, banks and Bitcoin. Biden's withdrawal from the race and support for Harris have increased Trump's chances of winning."

Note: "Trump Trade" refers to investments made on the assumption that Republican candidate Trump might win this year's US presidential election.