The relationship between political events and cryptocurrency markets can be quite complex. The correlation between Trump’s win/lose and crypto prices isn't straightforward, but there are a few points that need to be considered
1. Market Sentiment: Political events can significantly influence market sentiment. If Trump were to lose, it might create uncertainty among investors, leading them to pull back on riskier assets like cryptocurrencies, causing prices to drop.
2. Regulatory Environment: Trump's administration had a generally favorable stance towards cryptocurrencies compared to some other political figures. If he wins, investors might feel more confident about the regulatory landscape, potentially leading to a rise in crypto prices.
3. Economic Policies: Trump's economic policies, such as tax cuts or stimulus measures, can impact the broader economy and, by extension, the crypto market. If investors believe that his policies will lead to economic growth, they might be more inclined to invest in cryptocurrencies.
Overall, while there can be correlations, they depend on various factors, including market sentiment and regulatory changes rather than a direct cause-and-effect relationship.