Bloomberg ETF analyst: BTC’s sudden rise may be a response to the US presidential election

Bloomberg ETF analyst Eric Balchunas wrote on the X platform that BTC suddenly surged today, possibly as a reaction to the US presidential election. Eric Balchunas added: "If anyone thinks that Bitcoin is not a good indicator worth paying attention to today, please tell me the reason. In my opinion, BTC seems to be a clean indicator because it is an issue in the election. Stocks and bonds are not as important, but I am willing to listen to other ideas."