BTC Price After Election: Bitcoin to Hit $92K Post Trump Win? Bitwise Strategist Sees Bullish Potential
The head of alpha strategies at cryptocurrency asset manager Bitwise believes that if Donald Trump is elected president of the United States in November, Bitcoin may rise as high as $92,000. Jeff Park wrote on X on October 22 that comparing the price of Bitcoin to Trump’s odds on the decentralized betting site Polymarket and using some merger arb-style probability math indicated that there was a good possibility that Bitcoin would rise after he won the election.
I project a Trump victory could push BTC to ~$92,000,
Park
Trump’s 2024 Victory Could Propel Bitcoin to $100,000, Say Analysts
Joining the rising number of analysts and commentators who believe that a Trump victory will cause the price of cryptocurrency assets to surge is Park’s optimistic price estimate for Bitcoin. Erik Finman, a Bitcoin millionaire, told Cointelegraph that if Trump wins, Bitcoin might rise to $100,000. No political event has ever had such a direct impact on cryptocurrency. However, a key component of Republican nominee Donald Trump’s 2024 campaign has been his support for cryptocurrency.
Trump has pledged to make the US the crypto capital of the world and to fire Securities and Exchange Commission Chair Gary Gensler on day one of his presidency in an attempt to appeal to single-issue cryptocurrency voters. However, not everyone believes that a Trump triumph will benefit cryptocurrency markets in the long run. Based on data from 538 polls, Harris is currently 1.8% ahead of Trump in the national polls.
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