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Trump's election may detonate the bitcoin market, with odds and predictions suggesting a higher chance of victory

On November 5th, according to the data of the decentralized prediction market platform Polymarket, the probability of former President Trump winning the 2024 US election has climbed to 61.8%. It is reported that Polymarket reflects the market's expectations for various events through user bets. Unlike traditional polls, such platforms pay more attention to the flow of funds and changes in market sentiment, and have attracted more than 3 billion dollars of "real money" support. It has become an effective reference for analyzing the political situation and is more persuasive. At present, Trump's election odds are 1.57, while Harris's is 2.5. These odds data reflect the difference in the confidence of the global market for the victory of the two candidates, and also indicate that Trump is likely to be elected! Trump's election as president of the United States will have an important impact on the bitcoin market. With Trump's high probability of election, because he promised to use bitcoin as a strategic reserve of the country, the net inflow of bitcoin ETFs has reached $2.30 billion in the past week, indicating that the market is optimistic about Trump's election and bitcoin. His victory will give bitcoin a big boost and a strong positive! A number of senior market analysts said: When the election is unsuccessful, it is the best opportunity to enter the market! Market volatility has intensified, and investment needs to be kept rational.