The post Bitcoin (BTC) on brink of huge run as Trump campaign gathers momentum appeared on BitcoinEthereumNews.com.

A sell-out crowd at Madison Square Garden marked a successful Trump rally which has helped the presidential hopeful to build a 66.7% to 34.4% lead over Democrat Harris according to leading prediction market Polymarket. If this translates into a Trump victory on 5 November, Bitcoin could be expected to surge strongly into the end of this year. Three key States will decide U.S. presidential election A two thirds majority for Donald Trump over Kamala Harris, with only just over a week to go before election day, might suggest a shoe-in for Trump for a second term in office. However, this is how Polymarket, the world’s largest prediction market reads it, while traditional polling companies have the race practically neck and neck. The strong swell of pro-Trump predictions on Polymarket could also be taken into question if one were to read the overall U.S. mainstream press take on the MSG rally. Accusations of ‘racism’ were levelled at the republicans, adding to the fire of what has become an increasingly bitter campaign fight. That said, expert analysis on the outcome of this presidential election is in agreement that the seven swing States will decide this race. In particular, Pennsylvania, Georgia, and North Carolina are acknowledged to be key. If Trump wins these, he wins the election. Polymarket has him well ahead in all three, as well as in all the other swing States. Institutions about to increase share of Bitcoin ETFs?  It’s for this reason that Bitcoin could be on the brink of a huge run into the end of this year, post election. Another massive positive for Bitcoin are the continual large flows into the U.S. Spot Bitcoin ETFs. A big inflow on Friday amounted to a further 5.88K $BTC ($401.2M) being taken from the market.  To add to the bullishness…

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Filed under: News - @ October 29, 2024 2:20 am