Two out of three bettors on @Kalshi think Bitcoin will hit a | Laraxen on Binance Square

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Two out of three bettors on @Kalshi think Bitcoin will hit a new all-time high this year but less than half think we will hit $80k by the end of 2024 👀

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Asset management company Bernstein: Trump's win could move Bitcoin to $90,000 in a few weeks. If Harris wins, the price could drop to $50k.

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Who do the leaders of the crypto support in the US presidential election? Looking at the table, Donald Trump has taken almost the entire sector behind him. Kamala Harris's supporters in crypto, although few in number, are also important names among them. We start with Trump 👇 Trump's support staff is quite crowded. Tesla CEO Elon Musk, Cardano founder Charles Hoskinson, Gemini founders Winklevosslar, Ark Invest CEO Cathie Wood and Kraken founder Jesse Powell stand out. Harris' biggest supporter in crypto is Ripple's co-founder Chris Larsen. Larsen also donated $12 million to Harris.

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Election excitement brought $2.2 billion to crypto funds Last week, when Bitcoin came very close to its March record, surpassing $73,500, crypto funds also knew how to take advantage of this enthusiasm. While $2.2 billion was entering the funds, there was also a rise in "short-Bitcoin" funds, which invested in the fall of Bitcoin. The US elections continue to determine the short-term trend in the crypto world. According to the report published by CoinShares last week, net $2.2 billion entered crypto funds. High investment in "Short-Bitcoin" In the report, it was stated that with the high probability of Trump winning the election at the beginning of the week, investment in funds increased to serious levels, but with the rise in Kamala Harris on Friday, a sales-heavy path was entered. Especially in this last episode, while the investment in "short-Bitcoin" funds, which invested in the fall of Bitcoin, increased, the funds completed the week with a net inflow of $8.9 million. It was last seen in June While the net investment value of crypto funds since the beginning of the year was 29.2 billion dollars, the total asset value under management has increased to 102 billion dollars. This level was last seen in June. While Solana funds received a net investment of 5.7 million dollars, other altcoins saw slight outflows. Ether funds are far behind again Ethereum funds were also well behind the Bitcoin funds that received $2.1 billion in investment and saw a net inflow of 9.5 million dollars. Since the beginning of the year, Bitcoin funds have received a net investment of $27 billion, this figure is only at the level of $758 million for Ether funds. The most invested funds of the week were BlackRock's Bitcoin and Ether ETFs. Two ETFs totaled $2.2 billion. While Grayscale received 116 million dollars on a weekly basis, Fidelity's ETFs received $90 million.

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Crypto listing debate on major exchanges: "They wanted 300 million dollars" Simon Dedic, CEO of crypto investment firm Moonrock Capital, said he spoke to a manager of one of the major crypto projects and found out that Binance wanted 15 percent of the token supply for listing. Yi He, co-founder of Binance, described this situation as gossip and FUD. Andre Cronje, founder of Yearn Finance and Falcon, said that Binance did not charge them anything, but Coinbase wanted $300 million for a period. Justin Sun and Brian Armstrong also joined the discussion. While the coin listings of major cryptocurrency exchanges have always been a subject of discussion, Moonrock Capital's CEO Simon Dedic X made important claims on the subject. “This system must end now” Dedic wrote on his personal X account: “We recently contacted one of the major crypto projects. They told us about Binance's listing process. They said they hadn't received any response for about 1 year and that Binance finally came to them with an offer. Binance demanded 15 percent of the token supply. Imagine that you were asked for 100-150 million dollars for central stock exchange listing. This figure is not payable for projects anyway. That's why there are price declines. This system must change now...” Andre Cronje: Coinbase wanted $300 million Andre Cronje, the key name of decentralized finance, co-founder of Fantom and Yearn Finance, stated that Binance did not charge them any fees, but Coinbase wanted 300 million dollars for a period: “Binance didn't want anything from us, but it happened that Coinbase wanted 300, 50, 30 million dollars. In fact, they even demanded 60 million dollars in the end.” Justin Sun: Coinbase also asked us for $80 million TRON founder Justin Sun, who has close ties to Binance's former CEO CZ, also said Binance did not charge them anything: “We had similar situations. Binance didn't want anything from us. Coinbase, on the other hand, demanded 80 million dollars of Bitcoin to be held in TRX and Coinbase 250 million dollars.

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How will the employment figure, which is far below the expectations, affect the Fed? It is priced with 99 percent The fact that the participation in employment in the USA was far below the forecasts caused some changes in the expectations of the Fed. While the market expects a 99.5% discount of 25 basis points from the Fed at the meeting on November 7, the probability of no discount is almost non-esistent... The US economy made only 12 thousand additions to the workforce in October. Expectations were over 100 thousand. Such a large decrease was not perceived by the market as a danger of recession. According to the CME Fed Watch Tool, which shows the expectations of the futures markets, the expectation is still that the Fed will make a 25 basis point discount on November 7... According to the rates on the Fed Watch Tool, market participants expect a 99.5% discount of 25 basis points from the Fed next week. The remaining 0.5% rate is that the institution does not make an interest rate cut... In other words, there is no expectation for a discount of 50 basis points at the moment. Biden: The reason for the fall is a storm and a strike US President Joe Biden also attributed the decline in the workforce to the big storm that hit the Florida coast and the strikes of port workers in recent weeks. Biden stated that he expects employment to rise again in November. Bitcoin was not positively or negatively affected by employment and unemployment figures from 4.1%.

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