If Trump Loses the Election, Could SHIB Return to Square One Overnight?

Let's talk about Trump and the U.S. election. Voting for the U.S. presidential election officially starts on November 5, 2024, with the final showdown between Vice President and Democratic presidential candidate Harris and former President and Republican presidential candidate Trump.

Currently, the election situation is extremely tense, like a fierce tug-of-war, with both sides doing everything they can to secure victory.

Originally, Trump's approval ratings had been quite high, but since the end of October, his campaign team has faced a series of negative events, such as controversial remarks and allegations of market manipulation, which have caused his chances of winning to decrease. Meanwhile, Harris's winning probability has gradually increased, and now both sides' chances are level.

The cryptocurrency market has always been very sensitive, reacting extremely quickly to various political and economic events. During Trump's tenure, some of his policies and statements had a significant impact on the financial markets, and the cryptocurrency market was no exception. His style and policy tendencies instilled confidence in some investors, leading to an influx of funds into the cryptocurrency sector.

On one hand, if Trump loses, market uncertainty may increase significantly. Trump has always been a highly controversial figure, and his policies and statements often trigger market fluctuations. However, it is precisely this uncertainty that has led some investors to see opportunities, willing to seek profit in this volatility. If he loses, the uncertainty of policies under a new leader may make investors uneasy. This unease could lead investors to sell off their assets, including cryptocurrencies.

On the other hand, Trump's loss could trigger political turmoil in the U.S. It is well known that American society is currently very divided, with sharp conflicts between Trump supporters and opponents. If Trump loses, his supporters may be discontented, which could even lead to protests or social unrest.