Trump's election may trigger Bitcoin market, prediction platform suggests higher odds

On November 5th, data from the decentralized prediction market platform Polymarket showed that the probability of former President Trump winning the 2024 US presidential election has risen to 61.8%. It is reported that Polymarket reflects market expectations for various events through user bets. Unlike traditional polls, these platforms focus more on changes in capital flows and market sentiment, and have attracted over $30 billion in "real money" support, making them an effective reference for analyzing the political situation and more convincing. Currently, Trump's odds of winning are 1.57, while Harris' are 2.5. These odds data reflect the difference in global market confidence in the two candidates' chances of winning, and also suggest that Trump is likely to be elected! Trump's election as US president will have a significant impact on the Bitcoin market. As Trump is likely to be elected, and he has promised to make Bitcoin a national strategic reserve, in the past week, the net inflow of Bitcoin ETFs has reached $2.3 billion, indicating the market's optimism about Trump's election and Bitcoin. His victory will bring great momentum and a strong positive boost to Bitcoin! Several senior market analysts have stated: when the election result is not yet known, it is the best time to enter the market! Market volatility is increasing, and investors need to maintain rationality.