ChainCatcher news, according to Jin10 reports, Bank of America chief strategist Michael Hartnett pointed out in his latest report that, based on EPFR data, global markets experienced various changes in capital flows last week, with the cryptocurrency market seeing an inflow of $2.3 billion, reaching a new cumulative high.

ChainCatcher news, according to Eliezer Ndinga, the strategy director at 21Shares, he believes that the U.S. government has two ways to increase its Bitcoin reserves. The first is by seizing Bitcoin from criminal proceeds, such as the 174,000 Bitcoins from the Silk Road case, which requires no additional spending; the second is to repurpose fines collected by cryptocurrency enforcement agencies (such as the SEC/CFTC) to purchase Bitcoin.

ChainCatcher news, Morgan Stanley's chief U.S. equity strategist Mike Wilson stated that while some believe a Trump victory would pose a negative factor for economic growth and the stock market, a Harris victory could lead to disappointment on Wall Street. Polls indicate that the likelihood of this scenario occurring is 50%. However, Wilson pointed out the risk of a market decline that could also come with a Trump victory. He said, "In certain market areas, if they are already overcrowded and pricing in upside potential, then the 'sell the news' phenomenon could make them vulnerable." (Jin Ten)