In a recent Crypto Banter podcast live, Ran Neuner discussed how Donald Trump's rise in the polls has sparked a surge in the crypto markets, particularly in Bitcoin. Following an interview on Bloomberg, where Trump criticized the Federal Reserve and hinted at economic policies favoring lower interest rates, Trump's odds of winning the U.S. presidential election jumped to 60%. Neuner explained that this probability increase directly correlates with Bitcoin's price rise, suggesting the market is pricing in a potential Trump victory.
The air is filled with optimism but there is also fear gripped within the crypto community as a lot is at stake with this year's election. Crypto is thriving for change meanwhile crypto investors are getting high on Trump coin and meme coins let's read on analyst's views.
Crypto Investors Bet Big on Trump
Neuner mentioned that crypto investors are optimistic about Trump, despite his controversial personality, because they believe his policies will be favorable for both Bitcoin and the stock market. Trump has expressed discontent with current Fed policies, and many anticipate that if he wins, he will pressure the Fed to lower interest rates, which could boost the markets.
Neuner also outlined which cryptocurrencies might perform well depending on the election outcome. If Trump wins, he predicts a significant price surge in Bitcoin, with certain meme coins like Dogecoin, Trump-related coins, and even American-themed tokens benefiting. He highlighted meme coins such as DOGE, MAGA, and TrumpCoin as potential winners. Neuner also speculated that Defi could see a boost due to Trump's support for decentralized finance initiatives.
What If Trump Loses?
However, if Trump loses and Kamala Harris wins, Neuner expects a short-term dip in crypto but believes the market would recover over time, driven by broader economic factors. He advised investors to consider their positions ahead of the election to capitalize on potential market movements.
