Former US President Donald Trump says during a rally in Iowa that he would "very, very, very probably" run for presidency again, hinting at the upcoming elections in 2024, while US media outlets reported that a formal announcement could be made on the 14th of November.

Trump is currently campaigning for Republican candidates for the midterm elections, where he will attend four rallies, the first of which was in Iowa where he made his statement.

“In order to make our country successful and safe and glorious, I will very, very, very probably do it again,” Trump said during a gathering of his supporters, asking them to “Get ready, that’s all I’m telling you. Very soon, get ready.”

Read more: Guide into US' most polarized Midterm Elections

The US midterm elections will be held on Tuesday, November 8, 2022. The elections come at a time when the schism between Democrats and Republicans is widening even further, while the balance of power in both the House and the Senate is up for grabs.

President Joe Biden is also attending rallies across the US to campaign for Democrat candidates.

Read more: GOP Rep.: Republicans might impeach Biden if they win midterms

Despite the fact that neither Biden nor Trump are present on the ballot next Tuesday during the midterm elections, however, the outcome will determine how much Biden can accomplish in the second half of his term as well as how the government can respond to escalating recession risks. Additionally, it will serve as a crucial indicator of the Republican Party's state and whether Donald Trump will challenge Biden in 2024.

During the Iowa rally, Trump stated that he ran twice for presidency and "won twice": "I won twice and did much better the second time than I did the first, getting millions more votes in 2020 than I got in 2016," said Trump, adding, "now in order to make our country successful, and safe and glorious. I will very, very, very probably do it again."

Election denialism, which involves casting doubt on election procedures, has been sharply on the rise since former US President Donald Trump's defeat in the 2020 elections. Election deniers generally believe that the 2020 elections were rigged, that Trump should have won a second term, and that voter fraud was widespread.

Read more: 'MAGA' runs Republican Party: Biden

The former president also told his supporters that they [Trump and his supporters] will make a comeback this year in the midterm elections (if candidates he is supporting won).

“This is the year we’re going to take back the House [of Representatives]. We’re going to take back the Senate. We’re going to take back America,” adding that, “in 2024 – most importantly – we are going to take back our magnificent White House.”

Read more: Biden fights for election win, calls republicans 'semi-fascists'

Since last August, Biden's voter approval rating has been hovering below 50%. He will be able to carry out his alleged plans on climate change, expanding government-run healthcare programs, defending abortion rights, and tightening gun control if Democrats manage to hold onto power in Congress. However, if either chamber is taken over by a Republican majority,  they will be able to effectively grind that agenda to a halt.

Earlier in October, the investigation committee looking into the US Capitol attack in 2021 subpoenaed former President Donald Trump, effectively ordering that he testify about his involvement in the riot violence. This move poses an escalation in the inquiry. The House panel of 7 Democrats and 2 Republicans voted unanimously to compel Trump's appearance before investigators.