Morningstar: The trend of Bitcoin will be closely related to the fulfillment of Trump's campaign promises

Zhitong
2024.12.05 03:43

Bryan Armour, the director of passive strategy research at Morningstar, attributed the recent surge in cryptocurrency to investors' expectations of friendly policies under Trump's leadership and the newly launched options trading for Bitcoin ETFs. Nevertheless, Armour added that the performance of cryptocurrencies, including Bitcoin, has proven to be volatile. The price of Bitcoin could decline, especially if Trump encounters difficulties in fulfilling his campaign promises. He stated, "As long as the market narrative remains positive, there is always room for Bitcoin to grow. However, campaign promises are not always fulfilled. Bitcoin remains a highly volatile asset."

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