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Donald Trump is the runaway favorite to win the U.S. elections in November after he survived an assassination attempt on July 13, according to Ethereum-based pollster Polymarket. This is a big deal for the millions of people in the United States who own Bitcoin (BTC) and other cryptocurrencies.
Polymarket raised Trump’s chances of victory to 60%, against current president Joe Biden’s 7% and vice president Kamala Harris’ 22% at the time of writing. The presumptive Republican presidential nominee has branded himself as a cryptocurrency candidate.
Two days after the attempt on Trump’s life, Bitcoin recovered 6.2% from a recent two-week slump. Variables behind the rally could include the end of Germany’s $3 billion BTC sell-off. But Trump’s predicted victory might also play a significant role, as Bitcoin holders anticipate the asset reaching $100,000 under a pro-crypto administration.