With less than 26 days until the U.S. presidential election, the likelihood of Donald Trump emerging victorious is surging, leaving Kamala Harris behind, according to a widely followed prediction poll.
According to Polymarket, the leading decentralized prediction market, Trump’s chances of winning the 2024 election are now at 56%. This figure marks a 2.1% uptick in the last 24 hours.
Donald Trump Leading Harris by 13%
In contrast, the Democratic Party’s candidate, Kamala Harris, lags behind with a 43.5% chance of winning, which is a 1.8% decline over the past day. Essentially, this indicates that Trump leads with 13% odd.
Per the prediction portal, Trump is favored in most U.S. states, with respondents overwhelmingly voting in his favor.
Before the current results, Trump led by a landslide margin, particularly when the Democratic Party candidate was still Joe Biden. As Harris emerged in August, her rankings gradually improved, reaching a neck-and-neck position in September. However, Trump is now regaining a strong lead.
Donald Trump’s Pro-Bitcoin Stance is a Helping Factor
Public commentators believe Trump’s increased chances are attributed to his fervent support for cryptocurrency assets and his promises to improve the industry compared to the current administration.
Both the Republican and Democratic parties recognize the substantial voting power of the crypto community, which could make a decisive impact. While the Democrats are late to capitalize on this potential, Trump has been proactive in acknowledging it.
For instance, Trump has repeatedly stated that the future of cryptocurrency would be safer under his presidency, teasing the use of Bitcoin for the payment of U.S. debt. He has even vowed to fire the controversial Gary Gensler of the SEC.
Interestingly, Trump opposes the current administration’s sale of Bitcoin. He argues that the significant volume of Bitcoin under the government’s control, valued at over $35 billion, could be put to better use than selling, such as paying down the national debt or holding it as a reserve currency.
In his view, cryptocurrency assets have a bright future, and the U.S. deserves to lead the industry.
Harris Still Has Crypto Backing
On the other hand, Kamala Harris’s political camp has only recently acknowledged digital assets, doing so just last month. Despite this, some figures in the crypto industry are supporting Harris for the presidency over Trump, who has been more vocal about his pro-Bitcoin stance.
Among the crypto industry leaders supporting Harris are Ripple’s chairman Chris Larsen and billionaire Mark Cuban. Meanwhile, Ripple’s CLO Stuart Alderoty and other prominent figures, such as Elon Musk, are backing Trump.
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Source: https://thecryptobasic.com/2024/10/11/pro-bitcoin-donald-trump-now-leads-harris-in-election-odds-by-13/?utm_source=rss&utm_medium=rss&utm_campaign=pro-bitcoin-donald-trump-now-leads-harris-in-election-odds-by-13