Uncategorized
Vitalik calls out Saylor, Stocks have Worst day in Weeks, GOAT hits $870M
Published
3 hours agoon
By
adminBTC ETFs: +$192m, ETH ETFs: +$1m. SOLETH continues to hit new highs, ETH weak. Vitalik calls Saylor’s custody view ‘batshit insane’. BTC to $200k by 2025: Bernstein. BTC options point to jump to $80k post-election. Ripple misses deadline in SEC case. Denmark plans 42% tax on unrealised crypto gains. Ripple CEO debanked by Citigroup.
Source link
You may like
Tether CEO says company has no plans for IPO for now
Cardano founder Charles Hoskinson Has Change of Heart for Bitcoin, Here’s Why
Is Bitcoin Repeating Previous Bull Cycles?
Solana and XRP whales in a buying frenzy after new altcoin surges 218%
Vitalik Buterin Outlines Helios’s Role In Multi-Chain Ethereum Scaling
Polymarket Is a Success for Polygon Blockchain – Everywhere But the Bottom Line
Bitcoin
Prediction Markets Are Pricing In A Trump Victory. This Is Good For Bitcoin
Published
3 days agoon
October 22, 2024By
adminEarlier today, Vivek discussed why he thinks crypto native Polymarket, the world’s largest prediction market, is biased towards Trump in this upcoming U.S. presidential election. While it is plausible given the arguments he laid out, I still believe that it may not be as biased as he may think.
First and foremost, prediction market traders are betting on these odds to make money, not swear loyalty to their preferred politician. Traders are looking to make a profit and are trying to lock in their bets at attractive odds on who they think will win. Based on many factors, like positive incoming GOP voter registration data in swing states like Pennsylvania, there are signs that show Trump has a very solid chance of winning this election. Even billionaire Stanley Druckenmiller said that the recent positive upswing in markets is due to the markets pricing in a Trump victory.
Like Vivek, many claim that since Polymarket is crypto native, then of course its users support Trump because he is also pro-Bitcoin and crypto. So let’s take a look at another, non-crypto native, market predictions platform, Kalshi.
On Kalshi, a U.S. betting odds platform that settles contracts in dollars, not Bitcoin or crypto, Trump is also in a massive lead. Trump is currently up by 20% over Harris. The crowd of users on this platform appear to be choosing their bets on who they think will win the election, even putting aside their own personal political preferences. Reading the comments, I’m seeing many people say they want Trump to win, but are taking the other side of this bet as they believe there may be election fraud from the Democrats which would see Harris ‘win’.
“Y’all betting on Trump haven’t priced in the probability of delivery vans pulling into the polling stations at 3am with 10’s of thousands of ballots, 99% of which going to Kamala they suddenly ‘found,’” commented one user. “Kamala will win legitimately or not, you have been warned.”
It will be fascinating to watch how these prediction markets play out as we inch closer to the election, which is now only two weeks away. I agree with Vivek that as we get closer to the election, these margins will likely get narrower. It appears to me that Trump has got this one in the bag, but it ain’t over until it’s over. Last election most people went to sleep thinking Trump had won the election, just for the Democrats to find all these ballots voting for Biden at 3am to win him the election. If there is any election fraud and interference in this upcoming election, these prediction markets may be in for a very volatile time.
A Trump win would be massive for Bitcoin on a regulatory level and price wise, due to his proposed policies. Under Harris, on the other hand, the future of Bitcoin in this country would be uncertain, as she has not laid out any real details on policy she would implement while as president and has a four year track record of attacking the industry while in office as vice president.
Bitcoin Magazine is teaming up with Stand With Crypto to provide real time election coverage on November 5th. So if you’re a Bitcoiner tired of watching mainstream news and want to witness this election from the perspective of a Bitcoiner, make sure to tune into the stream. More details on the livestream and where to watch here.
This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
Source link
Uncategorized
Why Coinbase Sees Crypto as a Bipartisan, ‘Purple’ Political Issue
Published
3 weeks agoon
October 6, 2024By
adminWhy Coinbase Sees Crypto as a Bipartisan, ‘Purple’ Political Issue
Coinbase VP of Corporate and Business Development, Shan Aggarwal, joined Decrypt’s Sander Lutz and Liz Napolitano at Messari Mainnet 2024 to discuss the exchange’s efforts to grow mainstream crypto adoption—and how the changing political conversation around digital assets is rapidly playing a major role in that.
Source link
Tether CEO says company has no plans for IPO for now
Cardano founder Charles Hoskinson Has Change of Heart for Bitcoin, Here’s Why
Vitalik calls out Saylor, Stocks have Worst day in Weeks, GOAT hits $870M
Is Bitcoin Repeating Previous Bull Cycles?
Solana and XRP whales in a buying frenzy after new altcoin surges 218%
Vitalik Buterin Outlines Helios’s Role In Multi-Chain Ethereum Scaling
Polymarket Is a Success for Polygon Blockchain – Everywhere But the Bottom Line
Satoshi Nakamoto Statue In Lugano Is Inspiring
Polymarket CEO rebuffs partisan claims from New York Times
Dogecoin Insider Says Holding Stablecoins Like USDT Is “Risky”
Solana Breakout From Bullish Pattern Could ‘Send SOL To The Moon’ – Crypto Analyst
If Microsoft Invests in Bitcoin It Will Be Likely Via Spot ETFs
Tether CEO denies reports as US probes and weighs sanctions
US DOJ Reportedly Launches Investigation Into Tether
Valhalla Partners With Hong Kong International Cricket Sixes for a Thrilling Comeback
182267361726451435
Top Crypto News Headlines of The Week
Why Did Trump Change His Mind on Bitcoin?
New U.S. president must bring clarity to crypto regulation, analyst says
Ethereum, Solana touch key levels as Bitcoin spikes
Bitcoin Open-Source Development Takes The Stage In Nashville
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential
Ethereum Crash A Buying Opportunity? This Whale Thinks So
Will XRP Price Defend $0.5 Support If SEC Decides to Appeal?
Shiba Inu Price Slips 4% as 3500% Burn Rate Surge Fails to Halt Correction
‘Hamster Kombat’ Airdrop Delayed as Pre-Market Trading for Telegram Game Expands
Citigroup Executive Steps Down To Explore Crypto
Mostbet Güvenilir Mi – Casino Bonus 2024
Bitcoin flashes indicator that often precedes higher prices: CryptoQuant
Crypto Market Movers: 5 Altcoins Making Waves This Bull Run
Trending
- 1 month ago
182267361726451435
- 24/7 Cryptocurrency News2 months ago
Top Crypto News Headlines of The Week
- Donald Trump3 months ago
Why Did Trump Change His Mind on Bitcoin?
- News2 months ago
New U.S. president must bring clarity to crypto regulation, analyst says
- Bitcoin3 months ago
Ethereum, Solana touch key levels as Bitcoin spikes
- Opinion3 months ago
Bitcoin Open-Source Development Takes The Stage In Nashville
- Bitcoin3 months ago
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential
- Altcoins3 months ago
Ethereum Crash A Buying Opportunity? This Whale Thinks So