Trump’s Election Victory Not Primary Driver of Bitcoin Price Surge, According To Analyst. Says This Is The Real Cause Of Price Surge.

Benzinga

Bitcoin's recent price surge isn't solely due to Donald Trump’s election win, according to Onramp Bitcoin co-founder Jesse Myers. Myers attributes it to a post-halving supply shock, as April’s halving reduced block rewards, creating a scarcity effect. Bitcoin ETFs, introduced earlier this year, have amplified demand. Myers noted that predictable price bubbles follow each halving, as seen in 2012, 2016, and 2020. The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19. Find out more on benzinga.com.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Bitcoin's recent price surge isn't solely due to Donald Trump's election win,

00:05according to on-ramp Bitcoin co-founder Jesse Myers.

00:08Myers attributes it to a post-halving supply shock as April's halving reduced block rewards,

00:13creating a scarcity effect. Bitcoin ETFs, introduced earlier this year, have amplified

00:19demand. Myers noted that predictable price bubbles follow each halving, as seen in 2012,

00:242016, and 2020. The influence of Bitcoin as an institutional asset class is expected to

00:30be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on November 19th.

00:35You can find out more on Benzinga.com.

00:38For all things money, visit Benzinga.com slash GSTV.

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