Fundstrat Managing Partner: If Trump wins the U.S. election, Bitcoin will soar

ChainCatcher news, Fundstrat managing partner Tom Lee stated in an interview with CNBC that the hope of Trump winning the November election could boost asset prices, including Bitcoin. The market currently believes that the chances of Trump winning are higher than what the polls indicate, and sees this as a positive development. "When the market becomes more convinced of this, you will see cyclical stocks, small-cap stocks, and Bitcoin perform better, as these all reflect clear policy differences." FiveThirtyEight's current national poll shows Democratic nominee Kamala Harris leading Trump by 3.4%. In contrast, cryptocurrency bettors on Polymarket believe Trump has a 52% chance of winning.