Is Bitcoin’s ‘Trump Trade’ Still Valid? It’s Complicated But Watch These Two Data Points

Bitcoin‘s (CRYPTO: BTC) price movement appears increasingly detached from the rising odds of Donald Trump‘s 2024 election chances, even as his appearance on “The Joe Rogan Experience” podcast propels him to a leading position on Polymarket.

What Happened: Following the interview, which garnered significant attention with over 32 million views, Trump’s election odds on Polymarket surged to 66.3%, while Kamala Harris‘s odds stand at 33.7%.

However, despite the market hype labeling Bitcoin as the “Trump Trade,” BTC’s performance has been relatively subdued, showing only an 8% gain in October—a month historically marked by stronger rallies, averaging around a 21% increase.

Trump’s Rogan interview took a deep dive into topics ranging from electoral reform and …

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