Bitcoin is rising strongly, and the market seems to be sure that Trump will win the election!
In the past seven days, the price of Bitcoin has risen by about 13%, far exceeding global stock indexes and gold.
There is not only one factor driving the rise of Bitcoin, but some investors believe that Trump is one of the key factors.
In recent days, Trump's campaign data has been significantly stronger, and the rise of Bitcoin shows that the market is increasingly convinced that Trump may win the US election in November.
Billionaire Stan Druckenmiller said that the cryptocurrency market is one of the credible indicators of expected Trump's victory.
He pointed out that in the past 12 days, the market seems to be very sure that Trump will win. People can see this in bank stocks and in cryptocurrencies.
Trump vowed to make the United States the global cryptocurrency capital to compete for votes with Democratic opponent Harris. And his love for the cryptocurrency industry has also led to Bitcoin being classified as a so-called "Trump trade."
As Trump's winning rate continues to rise in the prediction market, Bitcoin's trend has also gained momentum. On the crypto prediction platform Polymarket, Trump's odds of winning have jumped to 58%, while Harris's odds have dropped to 41%; on another prediction website PredictIt, Trump's odds of winning have reached 54%, while Harris's odds are only 49%.
But some people also emphasized that the gap in most poll results is within the error range, so the results in the prediction market cannot truly represent the election situation. In national polls, Harris still maintains a lead over Trump.
In addition to some voters' political bets, Arisa Toyosaki, co-founder of Cega, a cryptocurrency derivatives service provider, also pointed out that a large amount of funds flowing into Bitcoin ETFs is also a major reason for the rise in Bitcoin prices.
Since October 11, the net inflow of funds into the US Bitcoin ETF has exceeded US$1.6 billion.
In the face of the next violent bull market, how should we ambush?
I plan to ambush some tokens that are ready to explode, and also find some potential coins for sector rotation
I am Qishen, welcome to communicate!
