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Bitcoin has rocketed higher after former U.S. president and 2024 White House hopeful Donald Trump suffered an injury during an assassination attempt.
The bitcoin price has topped $60,000 per bitcoin, up from lows of $53,000 earlier this month, after Trump’s chances of retaking the White House in November spiked on the crypto-based Polymarket prediction platform.
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Former U.S. president and Republican candidate Donald Trump suffered an injury during an … [+]
Trump, who was injured during a Pennsylvania rally on Saturday, saw his chances of winning November’s presidential election jump around 10-points to 70% on the Polymarket platform that allows users to bet cryptocurrency on the outcome of almost anything.
President Joe Biden’s Polymarket odds of winning the election are currently on 16%.
Trump has emerged as the preferred candidate for the bitcoin and crypto community, promising to protect people’s right to hold bitcoin and being announced as a headline speaker at the Bitcoin 2024 conference later this month.
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The bitcoin price has swung wildly over the last few years with traders betting a Donald Trump … [+]
“I will make sure that the future of bitcoin will be made in the U.S. and not driven overseas,” Trump said during an event in Washington, D.C. last month. “I will support the right to self-custody.”
Trump has leaned into bitcoin and crypto in recent months after making millions from a series of crypto-based digital trading card non-fungible tokens (NFTs) and putting him starkly at odds with the Biden administration’s anti-crypto stance. Trump declared support for crypto in late May and began accepting campaign donations in bitcoin, ethereum, solana, dogecoin and shiba inu.
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This article was originally published by a www.forbes.com . Read the Original article here. .
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