Fundstrat Managing Partner: Bitcoin will surge if Trump wins the US election
Fundstrat Managing Partner Tom Lee stated in an interview with CNBC that the hope of Trump winning the November election may boost asset prices, including Bitcoin. The market currently believes that the possibility of Trump winning is higher than what the polls show and considers it a good thing. "When the market believes this more, you will see cyclical stocks, small-cap stocks, and Bitcoin perform better because these are obvious policy differences." FiveThirtyEight's current national poll shows that Democratic nominee Kamala Harris is leading Trump by 3.4%. In contrast, cryptocurrency bettors on Polymarket believe that the likelihood of Trump winning is 52%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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