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  HOME PAGE 05/11/2024 06:34 
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The candidate preferred by cryptocurrency whales in the US elections surprised many.

The candidate preferred by cryptocurrency whales in the US elections surprised many.

04.11.2024 20:10

Before the U.S. presidential elections, the competition between Donald Trump and Kamala Harris is as much in the spotlight as the significant investments in the crypto markets. The massive investments made in favor of Trump and the scattered structure of Harris's stocks indicate that the outcomes of these major predictions will be decisive for the markets.

As the U.S. presidential elections approach, crypto investors are drawing attention by making significant investments based on the election results. In decentralized prediction markets, "Yes" bets on Trump are being controlled by a few large investors. This situation will determine not only the outcome of the elections but also the volatility in the crypto markets.

THE INVESTMENT RACE BETWEEN TRUMP AND HARRIS CONTINUES

As the United States presidential race enters its final stretch, the volatility in the crypto markets has reached remarkable levels. It has been revealed that a significant portion of the predictions made in favor of Donald Trump on decentralized prediction platforms is controlled by a small number of large investors.

According to data shared by political analyst Domer on the X (formerly Twitter) platform, five major players stand out among the investors taking positions that Trump will win. Among these investors, an account codenamed "Le Giga Whale" holds about one-third of the predictions alone. If Trump wins the election, the total earnings of these five investors are expected to reach 81 million dollars.

PREDICTIONS FOR HARRIS ARE MORE BALANCED

On the Harris front, the picture looks quite different. Currently serving as the Vice President of the United States, predictions for Harris show a more balanced distribution. The top five investors hold only 18% of the predictions made in favor of Harris. Harris's biggest supporter is limited to a 4.4% share, while Trump's largest investor commands a 29.1% share.

POLLING RELATED TO TRUMP IS SUSPICIOUS

On the other hand, there are suspicions that four of the six major investors making predictions in favor of Trump are managed by the same source. While evaluating these investors, including accounts like Domer, zxgngl, and Fredi9999, Domer believes that these individuals genuinely believe Trump will win and are making serious investments in that direction.

However, the poll results paint a different picture. In a national poll average, Harris is at 49%, while Trump is at 48%. In contrast, according to Polymarket data, Trump's probability of winning is around 56.9%.

Bitcoin prices are also being affected by the election atmosphere. Analyst Valentin Fournier stated that the drop in Bitcoin, coinciding with Harris's lead in the polls, is related. Given Trump's crypto-friendly policies, this development is considered a risk for Bitcoin.

In October, Bitcoin reached a level of $73,600 on October 29, driven by what is termed the "Trump effect." Experts agree that this rise is shaped more by election expectations than by fundamental economic indicators.



 
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