In a recent Crypto Banter podcast live, Ran Neuner discussed how Donald Trump’s rise in the polls has led to a surge in crypto markets, especially Bitcoin. After an interview on Bloomberg, in which Trump criticized the Federal Reserve and hinted at economic policies that would promote lower interest rates, the probability that Trump would win the US presidential election rose to 60%. Neuner explained that this probability increase directly correlates with Bitcoin’s price increase, indicating that the market is pricing in a potential Trump victory.
The air is filled with optimism, but there is also fear within the crypto community as the stakes are high in this year’s elections. Crypto is booming for change, as crypto investors get high on Trump coins and meme coins, let’s read analysts’ views.
Crypto investors are betting big on Trump
Neuner said that despite his controversial personality, crypto investors are bullish on Trump as they believe his policies will be beneficial for both Bitcoin and the stock market. Trump has expressed dissatisfaction with current Fed policies, and many expect that if he wins, he will pressure the Fed to cut rates, which could boost markets.
Neuner also outlined which cryptocurrencies could perform well depending on the election outcome. If Trump wins, he predicts a significant price increase for Bitcoin, with certain meme coins such as Dogecoin, Trump-related coins, and even US-themed tokens set to benefit. He highlighted meme coins such as DOGE, MAGA and TrumpCoin as potential winners. Neuner also speculated that Defi could see a boost thanks to Trump’s support for decentralized finance initiatives.
What if Trump loses?
However, if Trump loses and Kamala Harris wins, Neuner expects a near-term dip in crypto but believes the market will recover over time, driven by broader economic factors. He advised investors to consider their positions ahead of the election to take advantage of potential market moves.
