Bitcoin can still hit $100K, no matter who wins US election

November 1, 2024 Coin Telegraph

Bitcoin can still hit 0K, no matter who wins US election

The prospect of favorable regulations and Bitcoin’s hedge status mean that Bitcoin can weather any election result and even reach $100,000.

Opinion by Georgii Verbitskii, founder of TYMIO Yield and TYMIO Protect.

The 2024 United States presidential election has raised debates about how both candidates might shape the future of cryptocurrencies, particularly Bitcoin (BTC).

With the growing number of Bitcoin and altcoin holders in the United States, any winner would make crypto regulation a key issue.

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5% of US voters identify as single-issue crypto voters — Paradigm poll

October 31, 2024 Coin Telegraph

2024 election

According to Paradigm, 20% of individuals surveyed indicated that they currently hold or have previously purchased crypto.

An October 2024 poll from venture capital firm Paradigm revealed that 5% of respondents indicated they were single-issue crypto voters in the United States presidential election. The results suggest that the voting bloc has the power to swing an election that will be determined by a “razor-thin” margin.

According to the Paradigm poll, roughly one-quarter of crypto owners surveyed indicated they were single-issue crypto voters, including 11% of voters in the 18-34 age bracket, 8% of male respondents, 7% of African American voters, and 8% of Hispanic voters.

Paradigm noted that the 5% of pro-crypto, single-issue voters is more than double the margin of victory in swing states such as Pennsylvania, Michigan, and Wisconsin, where election results are decided by a slim 1-2% margin.

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Bitcoin hits $73.6K as fundamentals suggest new all-time highs are programmed

October 29, 2024 Coin Telegraph

Bitcoin hits .6K as fundamentals suggest new all-time highs are programmed

basis trade

Bitcoin price rallies within $200 of a new all-time high as several fundamentals point to the crypto bull marking picking up pace.

Bitcoin (BTC) price sprinted toward its all-time high at $73,800, and this move differs from recent rallies as several fundamentals suggest that the bull market is shifting into a higher gear.

Here are six important pieces of data that signal Bitcoin is ready to hit new highs.

Bitcoin’s strong range break and sustained multiday close above the previous trading range inspired traders to open new positions with the intent of chasing higher targets in the $85,000–$160,000 range, a point well illustrated by veteran trader Peter Brandt.

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Prediction Markets Signal GOP Sweep in 2024: Republicans Poised for All 3 Branches

October 28, 2024 Bitcoin.com

bitcoin.com

Donald Trump’s campaign momentum has held strong in recent weeks, with Trump now leading Vice President Kamala Harris. Polls and prediction markets increasingly suggest a possible Republican sweep in 2024. Bettors Weigh In: Will 2024 Bring a Republican Trifecta? Some people are starting to predict that Trump could win all six pivotal swing states—a repeat […]

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Robinhood Launches Election Bets as Polymarket, Kalshi Draw Millions — But for How Long?

October 28, 2024 Bitcoin.com

bitcoin.com

As Robinhood rolls out its presidential election event contracts, the prediction markets Polymarket and Kalshi are drawing in substantial multi-million-dollar revenues tied to election-related trading. Robinhood Jumps Into Election Contracts Scene On Monday, Robinhood said began deploying election event contracts to select U.S. customers on Oct. 28, just ahead of the Nov. 5 U.S. presidential […]

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US Election Bettors Double Down: Trump’s Path to Victory Grows, but Is It Enough?

October 27, 2024 Bitcoin.com

bitcoin.com

According to the latest data from Polymarket, gathered eight days before the 2024 U.S. Election Day, former President Donald Trump has widened his lead over Vice President Kamala Harris on the predictions platform. Odds Tilt Toward Trump as Bettors Eye Potential GOP Sweep Donald Trump’s edge over Kamala Harris on Polymarket keeps expanding, and as […]

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Former President Trump floats idea of eliminating federal income tax

October 26, 2024 Coin Telegraph

2024 presidential election

According to the most recent Polymarket odds, the former President currently has a 65% chance of winning the Presidential election.

During a recent episode of the Joe Rogan Experience, former President Trump said he was serious about eliminating the federal income tax in the United States and replacing the revenue stream with tariffs on imports.

The 2024 Presidential candidate cited the tariff policies of former US President William McKinley during the 1890s as incredibly prosperous for the country and argued that the same policies should be applied today to fund the government. Trump told Rogan that the tariffs created so much revenue that public officials did not know how to spend the funds:

Critics have argued that imposing tariffs on imports will add a hidden tax in the form of increased prices on goods. However, Trump maintains that tariffs can drive dollar demand while protecting domestic workers and making US exports more attractive.

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JPMorgan Chase Details Election ‘Playbook’ for Investors, Forecasts Wall Street’s Response To Trump, Harris Victories

October 25, 2024 The Daily Hodl

bank

Banking giant JPMorgan Chase just released its US election playbook for investors. The bank’s strategists say “Trump trade” dynamics are clearly playing out over the last couple of weeks, alongside former President Donald Trump’s surge in betting markets. “Small- and mid-cap stocks have outperformed their large-cap peers on hopes of lower taxation and deregulation. U.S. […]

The post JPMorgan Chase Details Election ‘Playbook’ for Investors, Forecasts Wall Street’s Response To Trump, Harris Victories appeared first on The Daily Hodl.

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Trump’s No-Income-Tax Vision: What America Looked Like Without Income Taxes

October 25, 2024 Bitcoin.com

bitcoin.com

In a lively exchange on Fox & Friends this week, former U.S. President Donald Trump floated an intriguing idea: doing away with income taxes entirely. ‘There is a Way’: Trump’s Nostalgic Call for Ending Income Taxes During the television segment, Donald Trump took a nostalgic trip down memory lane, recalling a time when Americans didn’t […]

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Polymarket claims to have identified Trump whale

October 24, 2024 Coin Telegraph

2024 Presidential elections

According to the current Polymarket 2024 US election odds, former President Trump is favored to win all six US swing states.

Spokespeople for Polymarket claim to have identified the whale responsible for $28 million in pro-Trump trading positions as one unnamed French citizen with a seasoned background in finance and trading.

According to a piece in The New York Times DealBook, company representatives told the outlet that four separate accounts — Fredi9999, Theo4, PrincessCaro and Michie — belong to the trader.

Company spokespeople also said they found no evidence of market manipulation during the investigation, noting that the trader intentionally spread his bets across smaller positions to avoid moving the market erratically.

Trump

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