PANews reported on November 3rd that according to the Hong Kong Economic Journal, Bitcoin has recently broken upward and is expected to hit a record high amid speculation about the potential results of the US election. The correlation between Bitcoin prices and capital inflows is expected to rise further, and liquidity will become an increasingly important price driver.
Last week, global funds poured into the Bitcoin spot trading funds in the US market on a large scale. The market bet on Trump's victory in the US election, and his support for Bitcoin was seen as the "Trump deal". The market expects the size of the US spot Bitcoin ETF to double by 2025 and increase fourfold by 2027. As for the investment options in Hong Kong that take advantage of Bitcoin, we can also wait and see.
