USA – As the 5 November US presidential election approaches, Donald Trump has edged ahead of vice president Kamala Harris in some polls. This surge has caught the attention of crypto investors, who believe a Trump victory could lead to a rally in bitcoin (BTC-USD) and other digital assets.

With two weeks to go until the US election, Trump has extended his lead over Harris in both traditional polling and blockchain-based betting markets such as Polymarket. On Polymarket, Trump currently holds a 60.3% chance of winning, compared to Harris’s 39.6%. However, it’s important to note that Polymarket users tend to be more crypto-friendly and may favour Trump.

Traditional polls indicate a tighter race, especially in key swing states such as Michigan and Pennsylvania. While both candidates are viewed as broadly favourable toward crypto, Trump has taken a more clear and active stance. This year, he attended the Bitcoin 2024 conference and publicly endorsed crypto project World Liberty Financial. Harris has offered little clarity on her approach to crypto regulation, leaving uncertainty about her position on the industry.

In a recent University of Michigan Ross School of Business and Financial Times poll, 44% of voters trust Trump to manage the economy compared to 43% for Harris, marking the first time Trump has led on this issue in the FT-Michigan Ross poll. When asked which candidate would leave them better off financially, 45% of voters supported Trump compared to 37% for Harris. Bitcoin was trading at around $66,900 on Thursday, according to CoinGecko data. The broader cryptocurrency market saw a slight downturn, with the total market cap falling 0.3% to $2.4tn. (Yahoo)…[+]