Elon Musk, crypto just placed huge midterm bets, and traders should pay attention

Elon Musk is single-handedly fueling the GOP with $446 million—triple the next biggest donor—while crypto firms outspend even the Koch brothers to buy influence. But here is the reality check: Bitcoin has plummeted between 27% and 72% after every midterm for the last four cycles. Despite the billions poured into Washington, the data suggests a massive post-election crash is historically inevitable. Is this political spending a desperate attempt to save a sinking market? What’s your take?
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