PANews reported on October 30 that Matrixport released its latest report saying: “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 betting market predicts that Trump's chances of winning are as high as 66.5%, which may be one of the largest lead margins in history.
At the same time, demand for Bitcoin continues to increase, with recent single-day purchases of Bitcoin ETFs reaching $800 million, further reducing the supply of Bitcoin on exchanges.”
