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Bloomberg ETF analyst: BTC's sudden rise may be a response to the US presidential election

Bloomberg ETF analyst Eric Balchunas wrote on the X platform that BTC's sudden rise today (breaking $70,000) may be a reaction to the US presidential election. He said: "If anyone thinks Bitcoin is not a good indicator to watch today, please tell me why. In my opinion, BTC seems to be a clean indicator because it is an issue in the campaign, while stocks and bonds are less important, but I am willing to listen to other ideas."
By: via Bpay News

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