TechFlow news, October 30 — Matrixport released a new chart showing rising Bitcoin demand driven by increasing odds of a Trump victory and surging ETF purchases. In the period surrounding the 2016 U.S. presidential election, Bitcoin demonstrated notable market performance. When Trump was first elected in November 2016, Bitcoin was trading at approximately $700 per coin, and it experienced significant gains during his first year in office. While a single data point is insufficient to establish a trend, market sentiment remains highly optimistic. Many believe that if Trump wins again, he may ease regulations, potentially pushing Bitcoin higher. Currently, betting markets assign a 66.5% probability to a Trump victory, which could be one of the largest leads in history. Meanwhile, Bitcoin demand continues to grow, with recent daily Bitcoin ETF inflows reaching $800 million, further reducing Bitcoin supply on exchanges.
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