Prediction market traders on Polymarket are cautiously optimistic about immediate crypto-related action from President-elect Donald Trump on Inauguration Day.
What Happened: Specifically, according to Polymarket data, the question of whether Trump will mention cryptocurrency or Bitcoin (CRYPTO: BTC) in his inauguration speech on Monday is sitting at a 31% chance.
However, a separate Polymarket market, focusing on Trump’s anticipated executive order on cryptocurrency within his first day, shows a contrasting picture, as it reflects a 41% chance of it materializing.
This data, indicates a more positive outlook on the administration’s broader crypto policy.
This apparent contradiction highlights the uncertainty surrounding Trump’s immediate crypto plans.
While the data suggests the market is not confident an inauguration speech will discuss crypto, it believes there is a high chance of an executive order pertaining to crypto soon after.
The contrasting data underscores a potential disconnect between immediate public messaging and the administration’s policy aims.
Also …
Full story available on Benzinga.com