Jeff Park says “merger arb-style probability math” could mean Bitcoin rallies to $92,000 following a Trump victory.
Kamala Harris news
The most recent Polymarket odds put Trump’s chances of winning the 2024 Presidential election at 60.3% and winning all six swing states.
Trump’s munch-awaited token launch recorded disappointing sales numbers, while investors are becoming concerned about Ethereum block builder centralization.
Assessing potential manipulation in prediction markets is becoming increasingly important, with less than three weeks until the US presidential election.
More than half of voters in the United States are more likely to vote for a pro-crypto candidate versus one who is not, Craig Salm said.
Republican presidential nominee Donald Trump pitched himself as a pro-Bitcoin candidate, but not too long ago he said it was based on “thin air.”
Industry watchers are pointing to Bitcoin’s increasing correlation with the winning odds of former President Donald Trump.
As Trump extends his lead over Harris in the prediction markets, BlackRock CEO Larry Fink said it doesn’t matter to Bitcoin who occupies the White House.
Harris takes a softer stance than Biden on crypto regulation but is more skeptical than Trump on taxes, Bitcoin mining, and self-custody, according to Galaxy Research.
Bitcoin rallied to $66,300 today, but definitive proof of a structural trend change remains in question.