Trump was shot and “sanctified”, igniting Bitcoin and Trump concept stocks! How will it affect the election and market trends?

On July 13, local time, Trump was shot while delivering his speech at a campaign rally in Pennsylvania, USA. Trump had blood stains in his right ear. One rally participant was seriously injured. The gunman was shot dead by the US Secret Service. The incident was characterized as an “attempted assassination.”

After being shot, Trump did not bow down to protect himself according to the security officers' arrangements. Instead, he held his head in a fight position and shouted a few times: Fight! Fight! Fight! People also got up and cheered, and the American flag behind them flew in the wind.

At this moment, the bloody yet fearless images on Trump's face instantly won him countless supporters. After all, in this world, there is always a desire for real heroes.

At this moment, this image of heroism and fearlessness, especially in America, where individual heroism is worshipped, has completely exploded!

Some netizens even published a painting called “Freedom to Guide the People”, a work by French romantic painter Delacroix. This painting shows the French July Revolution in 1830, when the French people rebelled against Charles X's rule. The revolution continued for three days, and eventually ended with Charles X stepping down, Louis Philippe, Duke of Orléans succeeding to the throne, and France began the rule of the July dynasty.

However, in the eyes of the world and supporters, Trump instantly became America's “free man”!

Even the CEOs of many tech giants voiced their prayers for Trump on Sunday and condemned acts of political violence one after another. For example, Apple's Cook and Google's Pichay posted related tweets on the X platform. Amazon founder Jeff Bezos also said in a tweet on the X platform that Trump “actually showed great manners and courage at gunpoint tonight.”

Of course, if there is one of the most active business figures in this incident, it is none other than Tesla CEO Musk. Musk is excited about this shooting on the X platform — he even compared Trump to Roosevelt!

I have to say that Musk has a unique vision and is forward-thinking.

Stimulated by news such as Trump's chances of winning the election soared after being shot, Tesla rose more than 6% in the US stock market trading night trading on July 15. You need to know, he just donated a large amount of money to Trump's campaign, and this move is too good!

It is worth mentioning that the Bitcoin price, which was still trading as usual over the weekend, has taken the lead in breaking out of a rapidly rising upward trend. After news of Trump's attack came out, the price of Bitcoin, which is regarded by the industry as one of the “Trump deals,” quickly rose above 0.06 million dollars, the first time since July 4, rising 1.38% during the day. Ethereum surpassed $3,362 per coin and rose 0.76% during the day. As can be seen from BiyaPay, the global multi-asset transaction wallet, as of press release, the price of BTC was $62,912 and the price of ETH was $3,362.

Also, the former president previously claimed to be “pro-cryptocurrency.”

On July 15, local time, overnight trading of Trump concept stocks in the US stock market collectively skyrocketed.

Among them, Trump Media Technology Group (DJT) surged 21% in night trading, and Phunware (PHUN) and Rumble (RUM) surged nearly 20% in night trading.

In addition, Trump's social media company DWAC successfully “went public behind the scenes,” and its stock price is also seen as an expression of Trump's concept stocks. Earlier, the appellate court drastically lowered the security deposit required by Trump in a civil fraud case. This ruling reduced the possibility that Trump would sell shares and that the board of directors would amend the lockdown terms of the merger agreement. The stock soared 35% during the US stock trading session on March 26, local time, and continued to soar 7.6% in after-hours trading.

Looking back at Trump's presidency from 2016 to 2020, US stocks experienced fluctuations and recovery. The overall performance depended on various factors, including economic policies, global trade conditions, interest rate policies, and the global economic environment. Overall, US stocks performed strongly during President Trump's first term, mainly due to tax cuts and expectations of growth in corporate profits.

Specifically, major US stock indices such as the S&P 500 Index (S&P 500), the Dow Jones Index, and the Nasdaq Composite Index all showed significant increases. In particular, between 2017 and 2019, US stocks hit many record highs.

Although the incident happened over the weekend, quite a few Wall Streeters have already reacted to this week's market. Markets are predicting that Trump's concept stock DJT will have an opportunity to soar, and everything will sit back and wait until this week's opening.

In summary, the US stock market will fluctuate in the short term, and we need to pay particular attention to stocks related to Trump; at the same time, Bitcoin and Ethereum may also show an upward trend, and investors can pay attention to market trends through the multi-asset trading wallet BiyaPay. A platform can not only trade US stocks in real time, but also trade BTC, ETH, etc., and can also deposit digital currencies (such as USDT) to the platform, then withdraw fiat money to other securities to invest in US stocks, withdraw on the same day, and arrive on the same day without delaying the market.

The picture of Trump holding his fist high after the attack went viral on the global internet, and many Trump supporters once again regard him as a “fighter who never backs down” and a representative of his perseverance and indomitable spirit.

David Urban, one of Trump's campaign advisers, said it is expected that the shooting incident will unite more Americans with Trump. Meanwhile, some Republican lawmakers also blamed the shooting on Saturday on Democrats' aggressive rhetoric inciting violence.

According to Xiaobian's understanding, Trump became the biggest beneficiary of this incident as a “victim.” Those American voters in the US who originally wavered sympathized with Trump. At the same time, at the first debate conference, Biden's poor performance also increased Trump's chances of winning the election to a greater extent.

As can be seen on Polymarket, Trump's probability of winning the November US election has risen from 60% before the shooting to 69%.

Of course, investors will not make major investment decisions based only on momentary rumors or extreme events about the fate of Trump or any politician. However, when the market senses that the probability of election of a certain politician (such as Trump) is rising, it will indeed trigger a series of transactional logic based on that politician's policy preferences.

In the short term, the stock market is likely to fluctuate, and in particular, shares of Trump-related companies will be affected. The direction is clearly beneficial to key sectors such as energy, infrastructure, manufacturing, and defense in the US. These industries are expected to usher in new development opportunities under the Trump administration's policies and measures such as tax cuts and deregulation, which in turn will drive the stock prices of related companies to rise.

Specifically, Trump has been pushing for tax cuts to reduce the burden on businesses and stimulate market vitality. In the June 27th debate, he clearly advocated continuing tax cuts to further reduce corporate income tax from the current 21% to 15%. If implemented, this policy will greatly enhance the profitability and competitiveness of American companies, and will substantially benefit the stock prices of American companies.

Furthermore, Trump's supporters are mainly concentrated in fields such as manufacturing, energy, and construction, and the recovery and development of these industries is also an important part of his campaign promises. Therefore, with the gradual implementation of Trump's policies, it is expected that these industries will receive more policy support and market attention, thereby changing the current pattern where large technology companies in the US stock market are outstanding and other companies are mediocre.

These will also be a major focus for investors in subsequent market transactions. As far as Trump is concerned, when investors sense that the probability of Trump's election is rising, they will plan transactions according to their policy preferences in order to seize market opportunities in the midst of policy changes. Of course, this trading logic is not immutable. As the market environment and policy expectations change, investors will also continuously adjust their investment strategies.

The short-term impact of the shooting on the market is mainly reflected in the cryptocurrency and stock markets. Investors should pay close attention to the subsequent development of the incident and its impact on the political situation and market expectations.