Today in crypto, Benchmark analyst Mark Palmer indicated that MicroStrategy’s share price is expected to rise as the company continues its Bitcoin acquisition strategy. Palmer projected that the stock could reach $245, significantly higher than its current value of $206, despite concerns over its 2.3x premium relative to the net asset value of MicroStrategy’s Bitcoin holdings. In another development, there are rising concerns regarding potential manipulation in Polymarket ahead of the U.S. presidential election, where a recent report showed a 60.2% chance of Trump winning, a statistic that appears disconnected from actual events, raising questions about the reliability of prediction markets. Additionally, a survey revealed that around 26 million U.S. voters are part of a “crypto voting bloc,” with support for pro-crypto policies being a critical factor in their voting decisions. 16% of respondents stated that a candidate's crypto stance is crucial to their vote, indicating that cryptocurrency issues may significantly influence election outcomes.

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