According to TechFlow, on October 15, according to The Block, Bernstein analysts pointed out in a report that Bitcoin's recent rise is correlated with Donald Trump's election chances, while MicroStrategy's stock price has become a leading indicator of a potential bull market breakthrough. Analysts believe that although both parties have expressed support for digital assets, the crypto market has reacted more strongly to Trump's improved chances. According to the decentralized prediction platform Polymarket, Trump currently leads Kamala Harris by 55.9% to 43.8%.
MicroStrategy's stock price has outperformed Bitcoin this year, up 191%. Bernstein analysts said the company's "Bitcoin strategy" makes it a leading indicator of Bitcoin's strength, almost equivalent to a corporate Bitcoin index. MicroStrategy currently holds 252,220 Bitcoins, worth more than $16 billion.
In addition, the report also pointed out that with the possible bull market breakthrough of Bitcoin, the market seems to be shifting from artificial intelligence-related stocks to pure Bitcoin mining stocks. Although mining companies focusing on artificial intelligence data centers have performed better this year, the share prices of pure mining companies such as Riot and CleanSpark have shown signs of stabilization in the past 30 days.
