Let me briefly explain the reasons for the recent surge
First of all, the positive factors of Bitcoin's surge of 10%.
The first is the news of the postponement of the compensation of Mentougou, which may mean that the sell-off caused by the compensation will be delayed. Previously, the news of Mentougou caused Bitcoin to plummet several times, and the market is more sensitive to this news.
The second is that Harris has made a clear statement in support of cryptocurrency. At present, her support rate is far behind Trump, and she may want to use this as a last-ditch struggle to canvass votes. After all, there is not much time left for the election, and she may "play a big trick" in this regard in the future, which is worth paying attention to.
The third is to start taxing the overseas investments of super-rich people, and the relevant tax rate may be as high as 20%, which in disguise increases the demand of the rich for cryptocurrencies, especially Bitcoin.
The fourth is that Musk donated $75 million to support Trump. According to the Federal Election Commission documents, Musk donated $75 million to the US Political Action Committee that supports Trump.
