Donald Trump's mismanagement of the pandemic and civil unrest in the United States dims his chances for re-election, and Bitcoin traders agree.

Key points to remember

• TRUMP contracts have plunged since their launch on FTX in February
• TRUMP tokens, which pay $ 1 if they win, now sell for 44 cents

• Falling TRUMP contract prices come after revelations that he wanted to target Bitcoin

TRUMP Futures Plunge 30%

The contracts TRUMP term FTX have   plunged 62% when launched in February to 44% at the time of publication. Tokens pay $ 1 for a win. TRUMP is now trading at 44 cents, which translates into a perceived re-election probability of 44%.

The contracts are broadly in line with data from national surveys. A recent Fox poll, as reported by Politico, found that deposed Trump had slipped a 38% chance of re-election. Now, 50% of respondents have said they would vote for the Democratic candidate Joe Biden.

A national poll from the Democracy Fund + UCLA Nationscape Project in Biden with an 11-point lead over Trump at 50-39.

Trump's handling of the coronavirus pandemic and racial riots after George Floyd's death in Minneapolis wreaked havoc on the President's election figures. His conflicting administration mismanaged relations with China, dismantled the EPA, failed to respond to the coronavirus pandemic, and mismanaged tax and health reform. The protests against police brutality and their treatment by Trump mark the last episode in a series of missteps since his election. 

Crypto traders quit chaotic, failed presidency

The drop in the price of FTX TRUMP contracts contrasts with the price of BIDEN, which is now trading at 52 cents. According to explosive revelations made by former Trump national security adviser John Bolton, in his book   The Room Where It Happened  , Trump told Treasury Secretary Steve Mnuchin: "Don't be a trade negotiator. Go get Bitcoin [for fraud]. “

The book is due out on June 23 and sections have already been released to the press. Crypto traders have quickly abandoned Trump as her chances of winning the next presidential elections diminish. 

Trump's authoritarian response to civil unrest after the death of George Floyd and growing criticism of his mismanagement of the coronavirus threat are likely to affect his chances of being re-elected for a second term. 

Throughout the history of the United States, 7 presidents have been unsuccessful in re-election while 21 have managed to secure a second term. On average, an outgoing president should have a 75% chance of being re-elected if he is able to avoid dismissal, resignation or worse.

In arguably the most chaotic administration in modern American history, Trump has often expressed anti-immigrant sentiment and adopted tax reform at the start of his administration that openly targeted his base - unhappy white working-class voters.

His main hope for victory in November lies in his continued efforts to suppress the rights of voters. He described postal voting as the "greatest risk" for his prospects for re-election. Postal voting is often seen as favoring more progressive political parties and is generally supported by Democrats. However, the evidence suggests that it has little influence on the election results.