Polymarket predicts that Howard Lutnick's probability of being appointed as US Treasury Secretary has risen to 49%, surpassing Scott Bessent
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Odaily Planet Daily Report shows that the probability of Howard Lutnick being appointed as the US Treasury Secretary on the Polymarket platform has risen to 49%, while the probability of Scott Bessent being appointed is 43%, and the total betting amount on this event exceeds $1 million. For most of last Saturday, Lutnick's winning probability was around 20%, but in the early hours of last Sunday, due to Trump's post supporting Lutnick, his winning probability surged. Scott Bessent is an American investor and hedge fund manager, and was the chief investment officer of liberal mega-donor George Soros. According to The Wall Street Journal, Trump called Bessent "one of the smartest people on Wall Street" and met with him at his Mar-a-Lago resort in Florida last Friday. Howard Lutnick, the CEO of Cantor Fitzgerald, is a Bitcoin advocate, and his company is the custodian of Tether's multi-billion dollar reserves. The New York Times reported that several leading cryptocurrency executives, including Coinbase CEO Brian Armstrong, Ripple CEO Brad Garlinghouse, and Circle executives, have been in contact with Trump's transition team and may be lobbying for Lutnick's appointment. Yesterday, Elon Musk posted on X that Scott Bessent is a "business as usual" choice, but if Howard Lutnick is appointed as the US Treasury Secretary, he will "truly drive change". "Business as usual" is leading the US to bankruptcy, so we need change.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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