Trump's victory could push Bitcoin prices to $100,000

Some market commentators have referred to Bitcoin's recent surge past $73,000 as the 'Trump trade', as cryptocurrency enthusiasts are optimistic about Trump's potential election.

Former President and Republican presidential candidate Donald Trump continues to lead over Vice President Kamala Harris in the market.

Trump has been courting the cryptocurrency industry, positioning himself as a crypto-friendly candidate. He attended the Bitcoin conference held in Nashville in July and made statements promising that any Bitcoin held by the U.S. government would not be sold.

In contrast, Harris's stance on cryptocurrency remains unclear, although some believe her attitude towards crypto may be more moderate than that of Joe Biden.

According to Polymarket, as of the time of publication, Trump's probability of winning the presidential election on November 5 is 67%, while Democratic candidate Kamala Harris stands at 33%. However, polls indicate that the two are evenly matched, making the election outcome unpredictable.

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