Bernstein experts expressed the opinion that the jump in the price of the first cryptocurrency is due to the increased chances of Donald Trump to become the US president again after the elections on November 4. Bernstein noted that the bitcoin rate could reach $80,000-$90,000 if the Republican candidate Donald Trump wins the presidential election in November. "Despite the fact that both candidates declare their support for digital assets, the rates in the cryptocurrency market are stronger against the backdrop of Trump's success in the presidential race," the experts commented on the growth in the value of bitcoin. MicroStrategy shares are also an important indicator of a possible "bullish" breakthrough. Since the beginning of the year, the company's securities have risen in price by 191%, while bitcoin - by 55%. The company's share price peaked in March of this year and, unlike the first cryptocurrency, their value continues to grow, the analysts noted. “MicroStrategy took advantage of the lows by issuing equity and convertible debt to replenish reserves in the first cryptocurrency, and was rewarded for doing so,” Bernstein said, noting that the US Treasury curve is steepening.This is an indicator of increased volatility and growing demand for Bitcoin and other digital assets. Previously, experts from Presto Research said that the announced measures to support the Chinese economy provoked the growth of Bitcoin above $64,000, as a result of which investor sentiment in the crypto market improved somewhat.
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