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Cryptocurrency traders are not betting on the U.S. gaining control over Greenland \u2014 a semiautonomous territory within Denmark that President Donald Trump has long coveted. <\/p>\n
Odds Tumble After January Spike <\/p>\n
Odds in favor of the contract titled “Will Trump acquire Greenland before 2027?” have collapsed to 6%\u00a0on Polymarket, down from 21% in mid-January. <\/p>\n
Don’t Miss: <\/p>\n
Over $34 million has been wagered on the bet, among the highest on the\u00a0Polygon-based platform currently. <\/p>\n
An official declaration from the U.S. and Denmark confirming that sovereignty over Greenland will pass to the U.S. will suffice, regardless of when the actual handover happens. <\/p>\n
The Greenland Crisis Diffused For Now? <\/p>\n
The odds shot up in January after Trump raised the pitch to acquire the world’s largest island, framing it as a matter of U.S. national security. <\/p>\n
Trump threatened to impose heavy import tariffs, up to 25%, on goods from Denmark and other European allies if they did not support his plans. <\/p>\n
Trending: Avoid the #1 Investing Mistake: How Your ‘Safe’ Holdings Could Be Costing You Big Time<\/a> <\/p>\n EU countries drew up countermeasures in response, including the potential use of the bloc’s never-before-deployed Anti-Coercion Instrument, which could have limited American companies’ access to public procurement contracts, investments and banking activities. <\/p>\n Greenland’s leadership has consistently rejected Trump’s attempts to gain control, with Prime Minister\u00a0Jens-Frederik Nielsen\u00a0stating that they would\u00a0“choose” Denmark over the U.S. <\/p>\n Photo Courtesy: Joey Sussman on Shutterstock.com <\/p>\n Read Next:\u00a0 <\/p>\n Building Wealth Across More Than Just the Market <\/p>\n Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. 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