30s Summary
Former President Donald Trump leads Vice President Kamala Harris on the Polymarket prediction site with a 10-point lead. He is also ahead in four out of six swing states. Meanwhile, CNBC’s Jim Cramer predicts Harris’s victory in the 2024 Presidential election. Trump has recently shown interest in the crypto scene, making a Bitcoin purchase and launching a new coin under his company, World Liberty Financial. In contrast, some believe the election outcome will not impact Bitcoin prices or crypto adoption.
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Right now, former President Donald Trump is outdoing Vice President Kamala Harris with a 10-point lead on the Polymarket prediction site. That’s a pretty big flip from last September’s betting odds. The latest intel from Polymarket is that Trump has a 55% chance of getting back in the White House this year while Harris is sitting on a 45% chance.
It’s interesting to note that Trump has gone from being behind to leading in four out of six swing states – Arizona, Georgia, Michigan, and Pennsylvania – outperforming in Arizona and Georgia by a particularly large margin.
Meanwhile, CNBC’s TV guy, Jim Cramer, rocked social media with his prediction that Kamala Harris is gonna take the 2024 Presidential election. Funny thing is, there’s this thing called the ‘inverse Cramer effect’ popular among crypto traders. Basically, whatever Cramer predicts, expect the opposite to come true.
Now, Trump’s rising odds on Polymarket seem to be happening at the same time as his very public cozying up to the crypto scene. Just last month, he actually bought burgers with Bitcoin at a New York bar. Plus, his company, World Liberty Financial — a decentralized finance project — recently announced that they’re launching a new coin. While some believed this might hurt his chances in the election, especially if it gets hacked, others say the election’s outcome won’t have any impact on Bitcoin prices or crypto adoption at all.
Dan Tapiero, who founded 10T Holdings, even said he thinks Bitcoin will hit $100,000 no matter who ends up winning the election in November.
Source: Cointelegraph