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.
Business
Aliko Dangote Speaks on His Children and Carrying on His Family Name
Aliko Dangote speaks on his lineage and addresses not having a son as he was asked about not having a son to carry his name and achievements.
“That is not my priority because God controls everything. You can pray for God to give you a son, but he might be the one to take down the name of the family.”
Instead, he shared that he does not mind not having a son. “I don’t think a son would have done better than the three daughters I have.”
Aside from that, he was also asked about giving advice to young Nigerians. “Work hard, be consistent, focused and know what you want to do.”
Business
Dangote Investment Draws Huge Traffic to Bamboo, Cowrywise Platforms
It can be reported that following Aliko Dangote’s investment opportunity, some investment platforms are experiencing huge traffic, causing their platforms to become slow and go down.
Two platforms openly announced their issues. Bamboo said “Hey everyone, we’re getting a much higher than expected traffic trying to get into the Dangote IPO and it’s making it difficult for some users to log into the Bamboo app. We’re working on a fix and it will be up and running shortly.”
Cowrywise also said “We’re currently seeing more traffic than usual on the Cowrywise app. Our team is already on it and working to get things back to normal. Thanks for your patience, everyone.”
Business
Economist Bismarck Rewane Speaks on Dangote Refinery Investment
Nigerian economist Bismarck Rewane advises Nigerians financially, sharing that Nigerians should engage in the Dangote Refinery initial public offering (IPO). He stated that it was a good investment.
He shared “You are better off with your N5,000 share than selling your PVC for N10,000 or N15,000 and consuming it,” Rewane said.
“If you can get 10 million shareholders to participate in the IPO, the Dangote Refinery will have the largest number of shareholders in the world,” he said.
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