Crypto Bets on the US Election Show Joe Biden Winning the Presidency by 60%
During the first half of the year, betting portals that allow people to wager cryptocurrencies on the upcoming U.S. election had shown Donald Trump winning the election. However, after Tuesday evening’s Presidential Debate, betting markets like Cloudbet show Joe Biden’s chances of getting elected is favored by 61% over the incumbent Trump. Tuesday’s Presidential Debate was considered by many as one of the “worst debates” in the history of American leadership. However, many people still kept score on how each candidate did during the evening’s political....
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Major media outlets have declared Joe Biden the winner of the 2020 election, leading analysts to speculate how a Biden presidency may impact Bitcoin price in 2021. On Nov. 7 several major media outlets announced that after 4 days of rigorous vote-counting in key battleground states Joe Biden had managed to secure enough electoral votes to become the 46th President of the United States. As the excitement over an incredibly close election starts to abate, analysts will take a closer look at how a Biden presidency may impact traditional markets and Bitcoin price. Three key factors to consider....
Bitcoin traders braced for uncertainty as Donald Trump and Joe Biden entered a tight US presidential election race. The benchmark cryptocurrency surged overnight to above $14,000 in a sharp upside. Its gains came on the prospects of a decisive election win for Biden. But with Trump winning several battleground states in a row, Bitcoin plunged […]
The U.S. presidential election is only 14 days away, and a number of bitcoin proponents have been discussing the capital gains tax implications Joe Biden plans to invoke if he wins the American presidency. According to Biden’s plan, capital gains will be raised from 21% to 39.6% for certain income brackets. Two weeks ago, the current U.S. president, Donald Trump, floated the idea of cutting long-term capital gains cut down to 15%. In just two weeks, the U.S. may see a new president or it may get another four years of Donald Trump if the incumbent wins the election. This week a number....
Bitcoin surged Wednesday towards its best level in the last three years, led by the prospects of Joe Biden winning the ongoing US presidential election. The Democratic contender won the critical swing state of Wisconsin in the afternoon hours of the US trading session. His lead became critically important after Donald Trump logged a narrow […]
A political action committee pushing for US Vice President Joe Biden to seek the presidency has announced it will accept bitcoin donations. Draft Biden 2016, according to a report by The Hill, will accept donations in the digital currency. The campaign is using BitPay as a payments processor, allowing donors to contribute up to $100 in bitcoin per year as an in-kind donation. "This is in keeping with Vice President Biden's strong support of technology and innovation throughout his career," Draft Biden 2016 director Joseph Schweitzer told the publication. The US Federal Election Commission....