Both Ha Ri Su and Trump are pushing for additional tax cuts… Bitcoin demand will increase

Korbit, a South Korean cryptocurrency exchange, has predicted that the dollar will weaken in the long term after the US presidential election, leading to a relative increase in demand for Bitcoin.
On the 14th, the Covid Research Center analyzed the potential impact of the US presidential election on the market through the report "Institutional Funding Trends: Bitcoin Election" and predicted the future direction of the market.
According to the report, "Both Republican presidential candidate Donald Trump and Democratic presidential candidate Kamala Hari Su have adopted cryptocurrency-friendly attitudes, which could potentially lower the candidates' chances of winning the election."
"Both candidates are pushing for additional tax cuts and large-scale investment plans, so the budget deficit will grow even larger," Choi Yoon-Young said.
"If the budget deficit expands, the value of the dollar could decline, which could lead to increased demand for alternative assets like Bitcoin," he said.
In addition, an analysis of the trends of institutional investors over the past three months (from the fourth week of June to the last week of September 2024) using four indicators showing the inflow of funds from institutional investors revealed that, overall,
Demand for Bitcoin appears to be sustained. The four indicators of capital inflow are: △ Bitcoin rappers (short-term) △ CME Bitcoin futures market (short-term)
The survey was divided into short-term and long-term categories based on factors such as the size of crypto fund management capital (long-term) and the current state of institutional investor support business (long-term).
Although short-term institutional investors saw an outflow of funds at the end of June, they saw a steady inflow of funds overall until the end of September.
Bitcoin rapper's funds have been transferred since July, totaling 4.64 billion by the end of September.
In the futures market, CME’s share of total open contracts increased due to the recovery in Bitcoin prices and inflows into leveraged ETFs.
The stable CME futures ratio signifies that institutional investors maintain their long-term demand and confidence in Bitcoin.
Long-term institutional capital investment showed a clear recovery. Crypto fund management capital and venture capital investment increased, especially in the Web3
There has been a significant increase in investment in the sector, suggesting that blockchain technology has long-term growth potential.
In addition, to analyze the current state of the institutional investor support business,
We investigated the proportion of institutional trading volume and transaction value. The proportion of institutional trading volume on Coinbase has increased for two consecutive quarters. As the market remained flat, the trading volume of both institutions and individual investors decreased, but individual
The decline in trading volume by individual investors was larger, suggesting that institutional investor interest is (relatively) sustained amid the market correction, he added.