Bitcoin

This election is a bellwether for the global populist-right wave, with implications for trade, climate policy, and central bank independence. A Bolsonaro victory could accelerate pro-crypto regulation in Brazil, while a Lula win might maintain the status quo.

Brazil's presidential election will go to a runoff after no candidate won an outright majority, with Senator Flávio Bolsonaro ahead of incumbent Luiz Inácio Lula da Silva.