According to BlockBeats, on September 23, Gautam Chhugani, an analyst at brokerage firm Bernstein, said, “Any signal of loose monetary policy and a potential weakening of the US dollar are good for Bitcoin.” He pointed out that as of this year, Bitcoin has risen 45%, surpassing gold’s 27% increase.
At a fundraiser in New York over the weekend, U.S. Vice President Kamala Harris expressed support for digital assets and publicly mentioned the crypto industry for the first time.
Previously, former US President Donald Trump also took a pro-crypto stance and advocated for friendlier regulatory policies. Although the crypto community remains cautious about Harris’s stance, Bernstein analysts believe that Harris’s statement and Trump’s support indicate bipartisan support, which may bring more regulatory clarity.
The momentum of Bitcoin ETFs remains an important factor. Despite recent price fluctuations, Bitcoin ETF fund flows remain net inflows, with cumulative inflows reaching $17 billion. Bernstein reported: “New approvals by brokerage firms (Morgan Stanley recently went online) will continue, and as advisors have some time to consult with clients, we expect inflows to accelerate again.” (Decrypt)
