Expert: Bitcoin rally on G – but only after the US election
Bitcoin is likely to climb to a new record high but the rally may be delayed due to the volatility surrounding the US presidential election. Coin Bureau CEO Nic Puckrin tells CNBC.
He believes that the price will take direction depending on who wins the election and that Donald Trump is widely regarded as more pro-crypto than Kamala Harris.
- But regardless of who wins, bitcoin is charging for an upswing.
The cryptocurrency rose 10 percent in October and temporarily passed $70,000. At the time of writing, it is trading for just over 68 000 dollars.
Bitcoin is likely to climb to a new record high but the rally may be delayed due to the volatility surrounding the US presidential election. Coin Bureau CEO Nic Puckrin tells CNBC.
He believes that the price will take direction depending on who wins the election and that Donald Trump is widely regarded as more pro-crypto than Kamala Harris.
- But regardless of who wins, bitcoin is charging for an upswing.
The cryptocurrency rose 10 percent in October and temporarily passed $70,000. At the time of writing, it is trading for just over 68 000 dollars.
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Great demand for ice from Japan - companies rush
Kuramoto Ice is one of 672 companies engaged in ice production in Japan. Kuramoto sells its clear to bars in the United States, among other places, where it has seen a strong boost in recent years. Between 2020 and 2023, turnover surged by 600 percent, according to Nikkei Asia.
Now the century-old company is looking towards new markets.
- There is a great demand for ice that does not melt easily and that looks good.
Kuramoto Ice is one of 672 companies engaged in ice production in Japan. Kuramoto sells its clear to bars in the United States, among other places, where it has seen a strong boost in recent years. Between 2020 and 2023, turnover surged by 600 percent, according to Nikkei Asia.
Now the century-old company is looking towards new markets.
- There is a great demand for ice that does not melt easily and that looks good.
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Experts: Secure the savings before a possible Trump victory
A Trump victory in the US presidential election is likely to shake up the markets. And even if it is far from clear, it may be wise to secure your savings against such a scenario. That's what experts tell TT.
The ex-president's policies can benefit industries such as pharmaceuticals, crypto and finance, says Danske Bank strategist Maria Landeborn. She advises savers to reduce exposure to China.
- Trump will be tough on China. He talks about tariffs of 60 percent on all Chinese goods.
The Bank of Åland's Lars Söderfell advises on small-cap stocks and cyclical stocks with high US exposure. He warns of non-US stocks which, according to him, "risk being negatively affected by increased trade barriers".
A Trump victory in the US presidential election is likely to shake up the markets. And even if it is far from clear, it may be wise to secure your savings against such a scenario. That's what experts tell TT.
The ex-president's policies can benefit industries such as pharmaceuticals, crypto and finance, says Danske Bank strategist Maria Landeborn. She advises savers to reduce exposure to China.
- Trump will be tough on China. He talks about tariffs of 60 percent on all Chinese goods.
The Bank of Åland's Lars Söderfell advises on small-cap stocks and cyclical stocks with high US exposure. He warns of non-US stocks which, according to him, "risk being negatively affected by increased trade barriers".
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Politico: EU prepares for a two-front war
The EU faces a potential trade war with both the US and China. That's what Politico writes and points to Donald Trump's promise to sharply raise tariffs on foreign companies.
- We must avoid trade wars and shocks from both sides, says an anonymous EU official to the site.
Trump's proposal risks affecting Europe by reducing transatlantic trade and increasing export pressure from China. In such a scenario, the question is whether the EU's recently imposed tariffs on Chinese electric car manufacturers are enough to stem the influx.
The Union's newly appointed trade commissioner Maros Sefcovic states that he is prepared to defend European interests but emphasizes that he hopes for diplomatic solutions.
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