Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Bitcoin's Recent Pump Driven by Post-Halving Supply Shock, Not Trump's Election Victory: Analysts

Bitcoin's Recent Pump Driven by Post-Halving Supply Shock, Not Trump's Election Victory: Analysts

CointimeCointime2024/11/12 03:44
By:Cointime

According to Onramp Bitcoin co-founder Jesse Myers, Donald Trump's election victory is not the main reason for Bitcoin's recent price increase. Instead, Myers points to a supply shock caused by the halving of Bitcoin rewards in April, which has led to a shortage of supply to meet demand. Onchain analyst James Check also believes that Bitcoin's scarcity and the limited amount of Bitcoin left to be mined will lead to further price increases. American financier Anthony Scaramucci predicts that the US will establish a strategic Bitcoin reserve and other countries will follow suit.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

CandyBomb x DGAI: Trade to share 60,000 USDT

Bitget Announcement2026/09/03 13:00

CandyBomb x DEBIT: Trade to share 45,000 USDT

Bitget Announcement2026/09/01 13:00

Bitget Will Support the BounceBit (BB) Contract Swap

Bitget Announcement2026/09/01 08:00

Hold USDGO for dual perks, earn up to 30%+ APR!

Bitget Announcement2026/09/01 02:00