Regarding the subsequent trend of Bitcoin, a series of recent events have brought significant fluctuations in its price. Specifically, Trump was shot when he planned to attend a Bitcoin conference and support cryptocurrency. This sudden incident led to an increase in his election probability, which in turn triggered a surge in the Bitcoin market. This phenomenon was jokingly called " Trump shoots cows.” Not only did Bitcoin itself rise in price, but even Trump-related tokens received a boost.
After Trump was shot at a rally in Pennsylvania, markets quickly turned to non-traditional safe-haven assets such as Bitcoin and gold. Nick Twidale, chief analyst of global markets at ATFX, pointed out that protectionist or safe-haven capital inflows into gold, the Japanese yen and the US dollar could be observed during the Asian morning session. At the same time, senior U.S. financial market analyst Kyle Rodda also said that after Trump was shot, he observed customers flocking to Bitcoin and gold. He believes that this incident marks a turning point in American political norms and the emergence of greater political violence. For markets, this means increased demand for safe-haven trades, but with a greater preference for non-traditional safe-haven assets.
In addition, Musk expressed support for Trump on social media X, which may reflect a certain stance in the financial business war. Musk hopes that Trump will be elected and expects that his first action after being elected will be to cut interest rates, which is also expected by the financial circle. However, another faction holds a different view. In any case, interest rate cuts seem to have become the market consensus, but the specific time is still uncertain. Both the market and the United States as a whole are in a state of tension, with an arrow on the string and must be fired. We can only wait patiently and believe that everything will be fine.
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