As a crypto investor with experience in following market trends and political developments, I believe that the odds of Donald Trump winning the 2024 presidential election are significant. The surge in stock and crypto futures markets indicates a strong possibility of his victory. While the presidential debates have not specifically addressed cryptocurrencies, the community’s support for Trump is evident through various actions and statements from influential figures like Elon Musk and Jesse Powell.
The chance of Donald Trump securing the presidency in 2024 rose to 63% during the initial debate between him and Joe Biden. Although cryptocurrency was not discussed during the debate, the stock and crypto futures markets reacted with a surge as they factored in Trump’s predicted election victory.
The probability of President Joe Biden securing a second term decreased from 48% to 37%, with Biden appearing to face tough competition from Trump.
Donald Trump To Win the Presidential Election?
Based on current trends in prediction markets, it appears that there is a strong likelihood that Donald Trump will secure the presidency in the 2024 U.S. elections. These markets are expressing a firm conviction that Trump will once again become the President of the United States.
The data from Polymarket suggests equal prospects for Donald Trump’s victory in November. Joe Biden’s chances have decreased to 23%, implying that he might not secure the Democratic presidential nomination or could withdraw from the race. Donald Trump Jr. made fun of Joe Biden as he left the stage, drawing a comparison between his departure and Trump.
As a crypto investor watching the debate, I was taken aback by the sudden end of the event. Contrary to how President Trump left the stage in previous debates, Joe Biden was escorted off amidst chaos. The stark difference between their exits left me pondering the unfolding political landscape. #debate2020
— Donald Trump Jr. (@DonaldJTrumpJr) June 28, 2024
Crypto Community’s Support to Trump
Elon Musk, the billionaire entrepreneur, joined in on the assessment of the presidential debate, quipping, “Tonight was a decisive triumph… for memes.” In response to Grok’s evaluation, Musk playfully agreed that the internet emerged as the true victor due to the overwhelming circulation of amusing memes and GIFs.
Musk’s remarks ignited a surge in the value of meme coins Dogecoin and Shiba Inu, causing their prices to rise by approximately 4% and 2% respectively.
Jesse Powell, one of Kraken’s co-founders, recently announced a $1 million donation in Ethereum to Donald Trump. He drew attention to the ongoing hostility towards cryptocurrencies from figures like Elizabeth Warren and Gary Gensler. Despite bipartisan efforts in Congress aiming for regulatory clarity, the Biden Administration has taken a passive approach, allowing unfettered enforcement actions instead.
“This method is weakening America’s edge in the global economy as leading countries establish regulations for digital assets. I look forward to collaborating with fellow advocates of cryptocurrency to support the 2024 Presidential candidate who champions this technology, ensuring the US stays at the forefront of blockchain innovation.”
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2024-06-28 10:10