Matrixport released today's chart stating that the price of Bitcoin was around $700 per coin when Trump was first elected in November 2016 and has risen sharply in his first year in office.
While a single data point is not enough to create a trend, optimism in the market remains high, with many believing that if Trump is re-elected he will deregulate and Bitcoin could be set for further upside. The betting markets are currently projecting a 66.5% probability of a Trump victory, or one of the largest lead margins in history.
Meanwhile, demand for Bitcoin continues to increase, with recent single-day Bitcoin ETF purchases amounting to $800 million, further reducing the supply of Bitcoin on exchanges.

Interesting insights on the correlation between Bitcoin price movements and political events. The market seems to be reacting positively to the prospect of Trump's re-election and the increased demand for Bitcoin. It will be intriguing to see how these factors play out in the coming months.