It is confirmed that Bitcoin has exceeded 100,000, the underlying logic of investing in Bitcoin, and 10 pitfall avoidance guides for investing in the currency circle.

Close to historical highs! Bitcoin surged 13% this month. Has Trump’s trade stabilized? Original Global Market Intelligence 2024-10-30 09:36 Wednesday Financial News Agency Malan ①The price of Bitcoin exceeded US$73,000 early on Wednesday, only a few hundred dollars away from the historical high; ②The rise of Bitcoin represents the market on the one hand Betting on Trump’s victory, but on the other hand, there are also considerations of hedging against inflation. Financial Associated Press, October 30 (Editor Ma Lan) As the U.S. election approaches, financial markets are constantly adjusting investment directions, and one of the most obvious strategies currently is betting on Trump transactions. Earlier on Wednesday, Bitcoin prices briefly exceeded $73,000, less than a step away from all-time highs. Currently, the price of the token is stable above $72,000. So far, its October increase has exceeded 13%, which is significantly ahead of the S&P 500 Index. image Additionally, other smaller digital tokens have also surged in the past 24 hours. Ethereum rose 4% to a 10-day high of $2,637, Binance Coin rose 2% to an 8-day high of $608, and Solana rose 2% to a three-month high of $182. In addition to cryptocurrencies, the stock price of Trump Media Company, a company owned by Trump, also continued to rise at the opening of U.S. stocks on Tuesday. The stock closed up 8% on Tuesday, and its share price has more than tripled since the beginning of the month. Multiple factors dominate Bitcoin's rise Eric Beiley, executive general manager of Beiley Group, believes that the price movements of Bitcoin and Trump media this week prove that the market is leaning toward Trump winning this year's election. This is also reflected in the betting market. Currently, Trump's winning rate is significantly higher than Harris's on multiple prediction platforms. This has also reflected on the US stock market and crypto market, becoming an important reason for investors to pursue Trump transactions. In addition to the positive factors brought by Trump, the rise of Bitcoin also has anti-inflation overtones. Billionaire Paul Tudor Jones has called on investors to use Bitcoin as a hedge against inflation, because whether Trump or Harris comes to power, they will increase the burden of U.S. federal debt. At the same time, although the Federal Reserve cut interest rates in September, there are many people in the market who believe that the inflationary fire has not been completely extinguished. Under this suspicion, it is not surprising that the price of Bitcoin, which is regarded as a safe haven, has risen, and the price of gold, another major safe haven asset, has also hit record highs this month. Collect and read 81.9W