Stanley Druckenmiller: Crypto Is Pricing In Trump As Election Favorite, But Does Bitcoin’s Surge Coincide With Rising Odds?
Billionaire investor and former hedge fund manager Stanley Druckenmiller, the chairman and CEO of Duquesne Family Office on Thursday noted that the market is starting to price Donald Trump winning the 2024 election.
What Happened: Druckenmiller said that while the 2024 election outcome remains uncertain, market indicators strongly suggest a Trump victory. He emphasized that the market has often been a reliable predictor of elections, recalling how it accurately forecasted Ronald Reagan’s win in 1980 despite contrary pundit opinions.
Druckenmiller pointed to rising bank stocks, cryptocurrencies and the performance of Trump’s social media company, DJT, as signs the market is increasingly confident in a Trump victory over the past 12 days.
He also suggested that industries likely to benefit from deregulation could outperform under another …
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