Bitcoin Prices Could Be Significantly Impacted by Election Outcomes

Byadmin

Oct 25, 2024
Bitcoin Prices Could Be Significantly Impacted by Election OutcomesBitcoin Prices Could Be Significantly Impacted by Election Outcomes

Bitcoin’s price is closely tied to the US election results, with predictions indicating that a Donald Trump victory could drive it to around $90,000, while a win for Kamala Harris might see it drop to $40,000.
Jeff Park
, Head of Alpha Strategies at Bitwise, has forecasted that
Bitcoin
could reach $92,000 if Trump wins, based on probability analysis from the decentralized platform Polymarket.
He believes Bitcoin is likely to rally in response to a Trump victory. Similarly, Bitcoin millionaire Erik Finman suggested that the price could hit $100,000, claiming Trump’s policies would stimulate growth in the cryptocurrency market.
Conversely, billionaire Mark Cuban, a supporter of Kamala Harris, warned that although crypto markets might rise briefly after a Trump win, they would likely decline thereafter.
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This could be due to concerns about inflation stemming from Trump’s economic policies affecting Bitcoin’s long-term prospects.

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