Bitcoin Resurrection: The Potential of a Trump Election
As polls showed that the possibility of Trump being elected president increased, the Bitcoin market burst into life instantly, with the price breaking through $68,000, setting a new high in the past three months! Although it has fallen slightly to $67,327, it is only 10% away from the all-time high of $73,777. This rally is like a spring breeze blowing across the entire crypto market.
As the Republican presidential candidate, Trump has repeatedly expressed support for cryptocurrencies and even launched multiple NFT series, which has enhanced market confidence. As his approval ratings soared, so did investor enthusiasm for Bitcoin.
Chris King, CEO of Eaglebrook, pointed out that the prediction market is confident in Trump’s victory, which has undoubtedly given a boost to Bitcoin’s rise. According to multiple polls, Trump's approval rating has surpassed that of rival Harris Harris, showing that he has an advantage in the upcoming election.
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