Crypto bettors make predictions for Donald Trump's inauguration

As Donald Trump's second inauguration nears, so do the results of crypto-related bets on what will happen during the ceremony on January 20th.

After his full turnaround and becoming an active bitcoin (BTC) and crypto supporter last year, Trump is now also seen as a possible strong catalyst for the expansion of the industry and market rally.

Meanwhile, users of prediction markets, such as Polymarket, are now making bets specifically tied to the inauguration ceremony. For example, more than $2 million worth of bets have been made trying to predict what things Trump will mention in his inauguration speech.

At the time of writing, the chance of mentioning "crypto/bitcoin" is seen by the market as 20%, while at the beginning of this year, it was 12%.

Even a possible mention of the most popular meme coin, Dogecoin (DOGE), has found its place among these predictions (a 12% chance). However, there's a twist with the latter bet, as DOGE is also the acronym of a new department under the incoming Trump administration – the Department of Government Efficiency (DOGE) – headed by Tesla's boss Elon Musk and former presidential candidate, entrepreneur Vivek Ramaswamy.

Meanwhile, there's a 25% chance (according to the market) that Musk is going to be mentioned as well.

In either case, according to the bettors, Trump is most likely to mention "Biden" (89%), "America First" (76%), and "God" more than four times (66%).

In comparison, there's a tiny hope that during his farewell address, Joe Biden will also mention "crypto/bitcoin" (2%).

Additionally, participants in the prediction markets are also placing bets on whether the price of BTC will hit $100,000 before Trump's inauguration. At the time of writing, this chance stands at 56%, compared to 21% yesterday, when BTC briefly dipped below $90,000 before rebounding above $95,000 again.

However, regarding Trump and his crypto-related statements and policies, the largest bets are now being made not in prediction markets but by investors, who trade billions worth of BTC depending on their views on how this administration might play out for bitcoin and the broader industry.

Some analysts aren’t expecting any big changes right after the inauguration and claim that the so-called "Trump trade," or investing in BTC based on Trump policies-related hopes, is now over. However, other reports suggest otherwise.

The Washington Post quoted its undisclosed sources yesterday, saying that on his first day in office, Trump might sign an executive order that would help banks enter the BTC market much more easily.