If Biden actually withdraws from the candidacy and it is now seen as a guarantee that a crypto-friendly candidate like Trump will be elected, this could have a positive impact on the crypto market. Especially considering Trump's support for cryptocurrencies and considering a person with financial competencies like Jamie Dimon, who is also a cryptocurrency supporter, as Treasury Secretary, these developments may increase the confidence of investors and cause a serious rise in cryptocurrencies.
Even rumors that Biden may withdraw are creating excitement in the markets. Therefore, it will be important to follow political developments closely in the coming days.