Presidential candidate Donald Trump survived an assassination attempt over the weekend, sending memcoins soaring and increasing the odds that he will win the 2024 election.
According to cryptocurrency betting site Polymarket, Trump currently has a 72% chance of winning the presidential election, while Biden has just an 18% chance.
After the assassination attempt, Trump’s chances of winning increased significantly.
At the same time, MAGA (TRUMP), the largest Trump-inspired meme coin project on the market, is up 27% since the shootings, and at one point was up 81%. TRUMP has since cooled, trading at $8.02 at the time of writing.
Once skeptical of cryptocurrencies, Trump has since focused on the technology, calling himself the “crypto president” and winning support from many in the industry.
A recent poll conducted by investment firm Paradigm found that President Trump’s support for cryptocurrencies helped garner support from Republican voters, with conservative voters prioritizing cryptocurrencies and financial freedom in this election.
Trump himself is a cryptocurrency holder, with a public wallet address holding close to $10 million in digital assets.
Blockchain “De-Anonymizing” According to Arcam, Trump’s Ethereum (ETH) wallet currently holds $9.85 million worth of cryptocurrency, the largest holding being TRUMP tokens gifted to him by the project.
In late July, President Trump is scheduled to address an audience of 20,000 at the Bitcoin 2024 conference in Nashville, Tennessee.
Independent presidential candidate Robert F. Kennedy Jr. is also scheduled to speak at the conference, along with political commentator and comedian Russell Brand, ARK Invest CEO and founder Cathy Wood, MicroStrategy Chairman Michael Saylor, former intelligence contractor and whistleblower Edward Snowden, and Miller Value Partners’ potential chairman and CIO Bill Miller.
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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/Sergey Nivens/Alexxxey