Former President Donald Trump currently leads Vice President Kamala Harris by 10 points on the Polymarket forecasting platform. This is a drastic twist on the September betting odds.
According to recent PolyMarket data, President Trump currently has a 55% chance of securing the Oval Office in November, compared to candidate Harris’s 45%.
The former president also flipped Harris’ lead in four of the six swing states and now leads in Arizona, Georgia, Michigan and Pennsylvania. Arizona and Georgia represent the widest victory margins for Republican candidates.
Current 2024 election odds. Source: Polymarket.
CNBC’s Jim Cramer predicted a Harris victory.
While Trump is gradually overtaking Harris in the polls, CNBC’s Jim Cramer predicted in a statement on October 11 that Harris is likely to win the 2024 presidential election.
The broadcast host claimed, “I don’t know how Donald Trump will win.” Cramer’s prediction sent shockwaves through social media, a phenomenon known as the ‘reverse Cramer effect’.
The reverse Cramer effect is popular among cryptocurrency traders and assumes that whatever Cramer predicts, the opposite will come true.
source: wall street silver.
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Trump’s Public Relations Efforts to Court Crypto Voters
Trump’s increasing odds on Polymarket coincide with the former president publicly showing support for the cryptocurrency industry in an attempt to win over cryptocurrency voters.
On September 18, the Republican candidate used Bitcoin (BTC) to buy a burger at a New York bar. The campaign event followed shortly after Trump’s decentralized finance project, World Liberty Financial, announced the launch of its native token.
The announcement turned out to be a double-edged sword, drawing mixed reactions from the cryptocurrency community. “I think Trump’s electoral prospects will be greatly damaged, especially if it gets hacked,” said journalist Nic Carter.
The veteran journalist further explained, “It will be the most exciting DeFi destination of all time and is itself a fork in the hacked protocol.” However, other industry experts believe that the outcome of the 2024 presidential election will have little impact on Bitcoin price or cryptocurrency adoption.
Dan Tapiero, founder of 10T Holdings, recently predicted that whoever wins in November, the price of Bitcoin will reach $100,000.
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