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Bloomberg: U.S. debt may suffer major fluctuations after Trump attacks! Funds turn to Bitcoin and gold as a safe haven

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2024-07-17 21:44:13846browse

Bloomberg: U.S. debt may suffer major fluctuations after Trump attacks! Funds turn to Bitcoin and gold as a safe haven

This site (120bTC.coM): This morning (14th), former President Trump was attacked while attending a rally in Butler, Pennsylvania, which became a major focus of global attention. After the incident, Bloomberg reported and analyzed that global investors will flock to safe-haven assets, such as the yen, gold and Bitcoin, and re-evaluate the trading market related to the Trump presidential election. Nick Twidale, market analyst at ATFX Global Markets, said: "There is no doubt that there will be some protective or safe-haven capital flows in Asia tomorrow morning. I suspect that gold may test new all-time highs, the Japanese yen will be bought, and the US dollar and US Treasuries will also be bought." There will be an inflow of funds.

Potential risks in the bond market

Currently, media comments and social trends indicate that this shooting incident will increase Trump’s chances of winning the presidential election. According to Polymarket forecast data, betting on Trump’s chances of winning has reached 70%.

Bloomberg: U.S. debt may suffer major fluctuations after Trump attacks! Funds turn to Bitcoin and gold as a safe haven

It is worth investors’ attention that analysts pointed out that Trump-related assets range from the U.S. dollar to U.S. Treasury bonds to stocks of private prisons, credit card companies and health insurance companies. The market generally believes that the Republican Party Tariffs, immigration, and deficit policies will lead to a stronger dollar, higher bond yields, and a more favorable environment for equity assets. This result will also be transferred to the securities assets most affected by their policies, which may ultimately be negative for U.S. Treasuries.

Marko Papic, chief strategist at BCA Research in California, said bond investors should pay special attention because the attack increases Trump's chances of winning the election.

“I do think that at some point the bond market should realize that President Trump has a higher probability of winning the White House than any of his opponents, and I continue to believe that as his odds increase, so does the probability of a big move in the bond market "

Bloomberg: U.S. debt may suffer major fluctuations after Trump attacks! Funds turn to Bitcoin and gold as a safe haven

Analyst: Funds are pouring into Bitcoin and gold

Looking back, the precedent of this shooting can be traced back to 40 years ago, when former President Ronald Reagan was shot. , the stock market fell and closed early. The next day, March 31, 1981, the S&P 500 rose more than 1% and the 10-year Treasury yield fell 9 basis points to 13.13%, according to Bloomberg data.

In terms of the crypto market, Capital.com senior financial market analyst Kyle Rodda said that he has seen customer funds flowing into Bitcoin and gold. Judging from the price, the crypto market has indeed picked up since this morning, and the price of Bitcoin It has returned to US$60,000 and is currently at US$60,308 as of press time. Global investors continue to pay attention to how the US presidential election will affect the price of Bitcoin.

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