In a recent investor memo, Wall Street investment bank Bernstein analyzed the correlation between former President Donald Trump's chances of winning the US presidential election and the price of Bitcoin (BTC). The memo noted that "as the probability of former President Donald Trump winning the US presidential election increases, the price of BTC is also showing an upward trend." According to Bernstein, this correlation may be due to the fact that both parties have expressed support for digital assets. However, the Polymarket betting indicator in the cryptocurrency market suggests that the higher the probability of Trump winning, the stronger the bullish trend for Bitcoin. In addition, Bernstein pointed to the recent breakout in Microstrategy (MSTR) stock prices as another leading indicator of Bitcoin's bullishness. MSTR, a company that holds a large amount of Bitcoin on its balance sheet, has seen its stock price surge in recent weeks. This could be interpreted as a signal that Bitcoin could soon hit a new high as well.