Donald Trump has gained a bigger lead over Kamala Harris in the polls as the 2024 U.S. presidential election approaches.
After a period of near parity in mid-August, Trump’s odds of winning the polls have dropped. I have risen Several percentage points, with 53% of bettors favoring him compared to 47% for Harris.
The shift marks a comeback for Donald Trump, whose chances were cut short after Joe Biden announced he would not seek re-election, temporarily boosting the current vice president.
Despite the rise to 53%, Trump’s chances are much lower than the 72% peak he reached following the Bitcoin 2024 conference in late July in Nashville, Texas.
Trump and Cryptocurrencies
Trump’s rise can be attributed in part to his strong appeal among crypto investors, an increasingly influential demographic in this election, according to Coinbase.
His pro-crypto stance, including promises to support the Bitcoin (BTC) sector and blockchain initiatives, has resonated with cryptocurrency entrepreneurs.
On August 27, Trump announced his fourth NFT collection, “Series 4: America First Collection,” which offers digital trading cards via Bitcoin Ordinals. Two days later, he announced plans to make the United States “the crypto capital of the planet” if re-elected, a reference to his initiative, World Liberty Financial.
On the other hand, Harris’ campaign has struggled to maintain momentum among Polymarket users, especially after major events like the Democratic National Convention, where crypto was noticeably absent from the discourse.
During this election season, both parties have been paying attention to the crypto crowd, aiming to attract the crypto community and their financial contributions. As a result, bettors on the Polymarket election have been in a frenzy, and things are expected to get even crazier as the election season approaches.