Could cryptocurrencies become “Trump’s main trade”? Analysts at research and brokerage firm Bernstein shared a recent analysis in which they highlighted this possibility.

As analysts noted, even with the current bearish sentiment in the sector, the structural adoption cycle remains intact and cryptocurrencies could become the main “Trump trade” if voter sentiment becomes more Republican, according to the information published by The Block, on June 24th. Recently, the former US president and current candidate for the position, Donald Trump, declared himself the “President of Cryptography”.

“After months of ETF Bitcoin Euphoria, the market suddenly looks bearish,” highlighted the platform’s analysts, Gautam Chhugani and Mahika Sapra, in a statement sent to clients today.

In the analysis, experts highlighted two arguments to justify this sentiment: the recent outflows of spot Bitcoin-based exchange-traded funds (ETFs), as well as the prospect of an Ethereum ETF launch with great potential to be disappointing.

Spot Bitcoin ETFs were largely responsible for generating more than US$14 billion in net inflows since the products’ trading launch in January, being the main catalyst that boosted the growth of the market’s largest cryptocurrency in the first quarter, according to analysts. analysts.

“There may be a temporary pause before large private banking platforms whitelist Bitcoin ETFs. This is the real game changer for portfolio allocations towards Bitcoin beyond simply basic trading,” the analysts highlighted.

Furthermore, experts shared the approval outlook: “We expect these approvals to be approved in the third and fourth quarter and until then, the markets would drag on. With Bitcoin ETFs representing just 0.1-0.20% of the existing sample of wealth advisors, there is room for both new advisor penetration and growing allocations (up to 2-3% of portfolios vs. 0.1-0 .2% today).

At the time of publication, the price of Bitcoin was quoted at US$61,576.95, up 4.2% in the last 24 hours.

Donald Trump Proclaims Himself “President of Cryptos”

During a fundraiser in San Francisco, former United States President and presidential candidate Donald Trump declared himself the “President of Crypto.” The recent meeting, which was a gathering place for leading figures in the technology sector, was attended by prominent venture capitalists, including David Sacks and Chamath Palihapitiya, who helped organize the event. This event stood out not only for the fund meeting, but also for Trump’s impactful statements about his vision for the future of cryptocurrencies.

“We are at the forefront of an important movement. I will be the president of cryptography,” said Trump, reinforcing his commitment to the development of this emerging sector. This comment came in the context of broader criticism of Democrats, who he said have been trying to impose excessive regulations that could stagnate the growth of the digital asset market.

In his speech, Trump also expressed his continued support for the cryptocurrency sector, promising to favor policies that benefit the ecosystem.


The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.


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