With the U.S. elections just around the corner, crypto has gained unprecedented attention, becoming a central policy issue for the first time. Larry Fink, <a href="https://www.cryptoknowmics.com/news/blackrock-ceo-larry-fink-sees-bitcoin-as-an-alternative-to-gold/" target="_blank" rel="noopener">BlackRock’s</a> CEO, has shifted from labeling Bitcoin an “index for money laundering” to now advocating for its role in investment portfolios. The changing perception of digital assets by major institutions like BlackRock highlights the sector’s evolving influence on finance and politics.
<h3>Betting Markets and Polls Offer Divergent Views</h3>
[embed]https://twitter.com/KaikoData/status/1849477033862062586[/embed]

Polymarket, a prominent prediction market platform, has seen a surge in bets on the election, with former President Donald Trump holding a 64% win probability against Vice President Kamala Harris. However, some experts question the platform’s accuracy due to its limited access in the U.S. and the influence of international whales, like a prominent French investor supporting Trump. In contrast, traditional polling, such as FiveThirtyEight’s average, shows Harris leading Trump by a narrow margin, reflecting a close race.
<h3>Derivatives Markets Signal Post-Election Optimism</h3>
Institutional trades on crypto derivatives platform Deribit suggest bullish sentiment for digital assets post-election. Rising activity in crypto options, especially on Bitcoin strikes up to $100,000, points to a high level of confidence among major investors. Kaiko, a data analytics firm, reports that much of this trading activity peaks between late October and early November, with significant interest in December expiries. Notably, private block trades are gaining traction, reflecting a preference among institutions to execute large orders with minimal impact on prices.

<em><strong>Disclaimer: </strong></em>The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Crypto Gains Election Spotlight as Institutional Investors Turn Bullish

With the U.S. elections near, crypto is taking center stage in policy debates, while betting markets and options data signal post-election gains.

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Crypto Gains Election Spotlight as Institutional Investors Turn Bullish

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