Polymarket shows over 50% chance of Scott Bessent to be the future Treasury Secretary in Trump’s administration.
Mathew Sigel, the Head of Digital Asset Research at VanEck shared Polymarket’s prediction on his X account for the new Secretary of Treasury.
Scott Bessent Treasury Secretary Odds Surpass 50%!
(Would be America’s First Pro-Crypto Treasury Secretary) pic.twitter.com/IrJi9ckKMD
— matthew sigel, recovering CFA (@matthew_sigel) November 8, 2024
If Bessent actually becomes one, he would be the first pro-crypto Treasury Secretary of the United States, as shared by Mathew.
This development, if it sees the reality could bring an effective change in the US government’s approach to cryptocurrencies. Bessent’s potential chance reflects the growing acceptance of digital currencies as part of the mainstream financial and political circles.