Business
Bitcoin Jumps 12% as Trump’s Election Odds Rise
Bitcoin has jumped 12% recently as Donald Trump’s odds of winning the presidential election have risen since mid-September. Many investors are excited about the idea of Trump, known for his support of cryptocurrencies, becoming president, believing it could benefit the crypto market. Currently, Bitcoin is trading at $66,857, close to its all-time high.
Trump’s odds hit a low on September 18 but have since improved, making him more favorable among bettors than Kamala Harris. Investor Stanley Druckenmiller noted that the market seems confident in a Trump win, which is also affecting bank stocks and cryptocurrencies. Analyst Gautam Chhugani predicted Bitcoin could reach $90,000 if Trump wins, as the election results could greatly impact the crypto industry.
However, while Trump’s betting odds have increased to 62%, recent polls show the election is still very close, with no clear favorite. This difference has led to speculation that a single large bettor may be trying to influence Trump’s odds by placing significant bets on platforms like Polymarket.
- MTN Nigeria Communications Plc (MTNN) – Strong telecom growth and 5G expansion.
- Dangote Cement Plc (DANGCEM) – Leading cement maker benefiting from infrastructure demand.
- Guinness Nigeria Plc (GUINNESS) – Consumer stock with solid turnaround potential.
- Okomu Oil Palm Plc (OKOMUOIL) – Agriculture stock tied to palm oil demand.
- Seplat Energy Plc (SEPLAT) – Energy player with gas and oil sector exposure.
- Zenith Bank Plc (ZENITHBANK) – Tier-1 bank with strong financial performance.
- Guaranty Trust Holding Company Plc (GTCO) – Leading bank with diversified revenue streams.
- Presco Plc (PRESCO) – Palm oil producer with export and dividend potential.
- NASCON Allied Industries Plc (NASCON) – FMCG stock with strong fundamentals.
- Aradel Holdings Plc (ARADEL) – Growing energy sector stock with upstream exposure.
It has been noted that the National Youth Service Corps (NYSC) and British American Tobacco Nigeria Foundation (BATNF) plan to renew their partnership in agribusiness.
The new project is to involve youth in the agriculture business, widen their horizons, and educate them about the agritech sector.
The general manager shared that “The foundation is not only providing grants but also building a system of mentorship, structure, and support that enables corps members to see agribusiness as a serious enterprise pathway.” The plan is to use the NYSC platform to engage youths.
Idi Mukhtar Maiha, Minister of Livestock Development, has revealed the government’s intention of placing women in the livestock transformation agenda that they have in store for Nigeria.
During a recent event, he praised women, describing them as the backbone of the country, and shared that the country will keep on needing their support, hence the inclusion of the agenda team.
He also praised the First Lady for the impact she has made in the country so far and her advocacy for women’s empowerment.
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