The Polymarket prediction platform currently shows Donald Trump with a 60.5% chance of winning the 2024 U.S. Presidential election, marking a big jump in his favor in recent weeks.
His odds spiked after October 4, when he surpassed Kamala Harris, his main competitor at the moment.
Donald Trump is seen as a very "crypto-friendly" candidate, and his rising odds in the election have been linked to Bitcoin's recent surge—up 12% since mid-September.
Many investors view him as the "crypto president" because of his strong support for the industry.
He’s been vocal about crypto, even delivering a speech at the Bitcoin Conference, and has participated in several crypto projects.
Analysts believe that if Trump wins, it could have a big positive impact on the crypto market, with some predicting Bitcoin could soar to as high as $90,000
