# People are betting Harris just to Hedge. 

Source: https://dontgetrugged.xyz
Kiwi News: https://news.kiwistand.com/stories/People-are-betting-Harris-just-to-Hedge?index=0x67251b450865f36f1738a1715343b797ed187b43ae56fe9fd36cb8c26b4e59c786efa33c
Submitted by @bookland.eth on 2024-11-01 UTC, 1 upvote, 0 comments

## Summary

Crypto holders should hedge against a Kamala Harris presidency to protect their portfolios, with politics set aside. The argument assumes a Harris win would cut the crypto market by 10% and a Trump win would lift it by 10%. It claims Harris is trading at about 35% odds on Polymarket, but that her real chance is lower because whales are hedging against her, and it promotes a hedge calculator for readers who want to hedge the same way.

## Article

Manifesto

Crypto holders must protect their bags by hedging against a Kamala Harris presidency. Politics and morals are out of this discussion, this is about protecting our bags.

Our Assumption:

Kamala Harris wins: Crypto market takes 10% hit

Donald Trump wins: Crypto market takes 10% jump

Harris is currently sitting at ~35% odds to win but the real chance is way lower. This is due to whales hedging against a Harris presidency. Think about it: Trump wins = portfolios print. Harris wins = they cash in on their Polymarket bet.

Want to hedge like a whale? Use our hedge calculator.

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