In my opinion, the current market reaction to Trump's declining victory odds is quite significant. Yet, I think the likelihood of a Democratic victory is just as uncertain. Many native Americans may be uneasy about their future being influenced by the influx of migrants that Kamala Harris and Joe Biden support. We've seen the challenges of mass immigration in Europe, which makes this a contentious issue.
However, if Trump's supporters become more active at the polls, his chances could improve. I believe this could potentially strengthen Bitcoin and help stabilize the markets. The upcoming election will be crucial in determining these outcomes.
In the end, it's a complex scenario where political dynamics deeply intertwine with market sentiments. If Trump's base mobilizes, we might see a notable shift in investor confidence towards Bitcoin, leading to market stability.
Regardless of the current situation, Larry Fink from BlackRock remains optimistic about the crypto market, as expressed on CNBC. In a pivotal moment, these business magnates could decisively shift the tide in favor of Trump. Trump, being a businessman like them, shares their profit-driven interests, which align more closely with theirs compared to Harris.