Recent Bitcoin price surge is linked to Donald Trump's rising election odds and a shift in investor interest from AI-diversified stocks to Bitcoin miners.
Bitcoin's Growth and US Elections
Bitcoin began the week with a 5% price rise following events involving former US President Donald Trump. The price topped $65,000, driven by increased odds of Trump's election win, according to Polymarket and Kalshi data.
MicroStrategy and Bitcoin Strategy
MicroStrategy's stock has outperformed Bitcoin, driven by their Bitcoin accumulation strategy, making them the leading corporate Bitcoin holder with investments up to $2 billion.
Shift from AI to Bitcoin Miners
A shift from AI-diversified stocks to Bitcoin miners is noted, with Core Scientific showing significant growth, indicating investor preference for pure-play miners during this bullish BTC trajectory.
Analysts expect pure-play Bitcoin miners will continue to strengthen amid the current bullish market environment, while Trump's election prospects remain a market influence.