HashKey Jeffrey: The rising probability of Trump's election will become a "starting gun," helping Bitcoin enter a fast lane of growth

ChainCatcher news, HashKey Group Chief Analyst Jeffrey Ding analyzed that on the betting market Polymarket, Trump's odds have surged to 90%. Meanwhile, the price of Bitcoin has also seen a historic breakthrough, briefly surpassing 75,000 USDT, with a daily increase of over 8%. This phenomenon indicates that the market's expectations for Trump's election are translating into positive investment sentiment towards Bitcoin, and the strengthening trend of Trump suggests that Bitcoin may enter a fast lane of rapid price increases.

It can be seen that the skyrocketing probability of Trump's election has been regarded as the "starting gun" for the cryptocurrency market. It is expected that in the future, until Trump takes office in the White House, the digital currency market will continue to digest this positive news. A series of policies supporting cryptocurrencies that Trump promised during his campaign, including incorporating Bitcoin into the national reserve and replacing the current SEC Chairman Gary Gensler, are all seen as significant benefits for the market. Given that Trump is known for his "campaign promises must be fulfilled," we have reason to expect these policies to be gradually implemented after he takes office.

The expectation of these policies being implemented, combined with the high probability of Trump's election, provides strong support for the price increase of Bitcoin and other cryptocurrencies. Market participants generally believe that Trump's victory is more favorable for the cryptocurrency industry compared to the Democratic candidate Kamala Harris. Therefore, as Trump's election probability rises, the market performance of Bitcoin and other cryptocurrencies is worth looking forward to, and investors should closely monitor relevant policy trends and their impact on the market.