A widely circulated narrative suggests a correlation between the price of Bitcoin and the U.S. presidential election, specifically in relation to the likelihood of Donald Trump’s victory. However, upon closer examination of Trump’s financial dealings, it becomes apparent that there is no concrete link between the two.

Revelations regarding Trump’s finances indicate that a substantial portion of his income, totaling $7.2 million, comes from licensing fees through NFT INT LLC, a company responsible for producing Trump Digital Trading Card NFT collections on Polygon. Moreover, Trump possesses various assets such as U.S. Treasuries, bonds, index funds, stocks, and a significant stake in the DJT media company.

Of particular interest is Trump’s disclosed holdings in cryptocurrency, including Ethereum and gold bars. His crypto wallets, particularly those on Ethereum and Polygon, have been yielding considerable passive income, with the first three NFT collections generating up to 1,237 ETH and approximately $2.14 million. However, the recent decrease in NFT revenue has been offset by the growing popularity of memecoins, which are significantly contributing to Trump’s crypto earnings.

Despite speculation regarding the influence of Trump’s election prospects on Bitcoin’s price, an analysis conducted by FalconX, a prime broker, has refuted these claims. The study examined Bitcoin’s price fluctuations over a period and compared them to the odds of Trump winning the election, finding no discernible patterns to establish a correlation between the two. The scattered nature of the data points further undermines the notion that Bitcoin’s price movements are tied to Trump’s election prospects.

Therefore, it can be concluded that there is no substantial evidence to support the idea that Bitcoin’s price is linked to Trump’s chances in the election.

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