How Donald Trump’s rise in the polls has sparked a surge in the cryptocurrency market, especially Bitcoin. After an interview with Bloomberg in which Trump criticized the Federal Reserve and hinted at economic policies that favor lower interest rates, Trump’s odds of winning the U.S. presidential election jumped to 60%. Neuner explained that this increase in probability is directly correlated to Bitcoin’s price increase, indicating that the market is pricing in a possible Trump win.

There’s optimism in the air, but there’s also fear in the crypto community as so much is at stake in this year’s election. Cryptocurrencies are booming, and with crypto investors showing growing interest in Trumpcoins and meme coins, let’s take a look at what analysts are saying.

Cryptocurrency investors are betting big on Trump

Neuner mentioned that despite Trump’s controversial personality, cryptocurrency investors are optimistic about him because they believe his policies will be good for Bitcoin and the stock market. Trump has expressed dissatisfaction with the Fed’s current policies, and many expect that if he wins, he will pressure the Fed to lower interest rates, which could boost the market.

Neuner also outlined which cryptocurrencies might perform well depending on the election results. If Trump wins, he predicts that Bitcoin prices will rise significantly, and certain meme coins (such as Dogecoin), Trump-related coins, and even American-themed tokens will benefit. He highlighted meme coins such as DOGE, MAGA, and TrumpCoin as potential winners. Neuner also speculated that Defi could get a boost due to Trump's support for decentralized finance initiatives.

What if Trump loses?

However, if Trump loses the election and Kamala Harris wins, Neuner expects cryptocurrencies to fall in the short term, but believes the market will recover over time, driven by broader economic factors. He recommends investors consider their positioning before the election to take advantage of potential market moves.