Is Bitcoin price following Trump’s betting odds?
As the 2024 U.S. presidential election approaches, an intriguing pattern is emerging, showing a correlation between Bitcoin’s (BTC) price and the rising odds of a potential Donald Trump victory. A comparison of Trump’s betting odds to win the election against Vice President Kamala Harris indicates that the former president’s chances have been climbing since October 10, reaching 53% as of press time, according to data from Kalshi. Between October 10 and 14, Trump’s odds increased from around 50% to 54%. During this same period, the price of Bitcoin surged from approximately $60,300 to around $65,000, reflecting an over 7% increase. Picks for you Ethereum creator Vitalik Buterin sells over $2 million worth of tokens 20 hours ago ...