Crypto traders are waiting anxiously to see whether it will be the Republican presidential candidate, Donald Trump, or his Democratic rival, Kamala Harris, who will be sitting in the White House come January 2025.
Harris leads Trump by a slender margin in the national polling averages, but some betting markets have Trump as the favourite to win.
According to election gambling site Polymarket, the chance of Trump winning the election is 67% at the time of writing. These odds will certainly be welcomed by cryptocurrency investors.
Trump has previously shown support for crypto, most notably at a Bitcoin conference in Nashville in July, where he vowed to turn the US into the “crypto capital of the planet and the Bitcoin superpower of the world”.