Bitcoin Surges Amid Trump Attack Fallout

Bitcoin's Two-Week High

Bitcoin saw a notable surge, reaching a two-week high on Saturday, above the $67k threshold. It's an increase of more than 10% over the week. This spike comes in the wake of an attempted assassination on Donald Trump, which took place during a rally in Pennsylvania on Saturday, July 13th, where the Republican candidate was shot in the ear.

Trump and Cryptocurrency

Trump's ordeal has added a layer of complexity to the election landscape. Some investors believe that the assassination attempt could boost his chances of winning back the White House. Trump has positioned himself as a staunch supporter of cryptocurrencies, a stance that resonates with a significant portion of the crypto community.

During a June fundraiser in San Francisco, Trump emphasized his support for the cryptocurrency sector. However, he has not provided detailed plans on how his administration would regulate or promote cryptos if elected. Nonetheless, his vocal opposition to democratic efforts to regulate the crypto market makes him an appealing candidate for many crypto enthusiasts.

Market Reactions

The cryptocurrency market frequently demonstrates sensitivity towards political occurrences. The latest episode involving Trump appears to have bolstered confidence among cryptocurrency investors, consequently enhancing Bitcoin's value. This trend implies that the market may perceive a presidency under Trump as beneficial for cryptocurrency valuation and growth.

Bitcoin ETFs to Watch

If you're looking to invest in Bitcoin through ETFs, here are two options to consider:

• ETC Group Physical Bitcoin ETF (BTCE): This ETF is provided by ETC Group. It is built to track the Bitcoin Price. The BTCE is 100% physically backed, giving you seamless and pure exposure to the performance of Bitcoin while trading on Europe's largest stock exchanges.
• Bitcoin Tracker Euro ETF (BITCOIN XBTE): This product is designed to offer investors a means of investing in Bitcoin without having to acquire Bitcoin themselves and to enable investors to buy and sell exposure to Bitcoin by trading of a security on a regulated European stock exchange. The Digital Security is backed and secured by Bitcoin.

You can compare these ETFs head-to-head on Trackinsight. The free comparison tool lets you analyze up to 5 ETFs simultaneously, helping you pick the right fit for your portfolio. Here's a comparison of Bitcoin ETFs to get you started.

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Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.