Bitcoin Price Could Reach $100,000 if Trump Wins Election: Report

Because the US elections method, Bitcoin worth predictions by specialists are receiving lots of consideration from the crypto group. On August 25, 2024, a crypto expert posted a message on

Bitcoin worth might attain $100,000 degree

As well as, Anthony Scaramucci of Skybridge Capital mentioned throughout an interview: “I actually assume Bitcoin will attain $100,000. It simply takes longer. There have simply been extra regulatory hurdles, and extra uncertainty.”

Presently, 51% of People on the Polymarket, the world’s largest prediction market, consider that Donald Trump will win the election, whereas solely 47% consider that Vice President Kamala Harris will win. Professional-crypto and unbiased presidential candidate Robert F. Kennedy Jr. Nonetheless, he not too long ago withdrew his candidacy and expressed help for Trump.

Trump’s affect on crypto

This means that People are leaning in direction of electing a crypto-friendly president this time. Moreover, the crypto group has praised Trump’s latest promise to take away Gary Gensler from his place as chairman of the Safety and Alternate Fee (SEC).

Based mostly on Trump’s disposition in direction of crypto and Blockchain, if he wins, we may see a extra optimistic and crypto-friendly coverage in favor of the cryptocurrency panorama. As well as, the Fed chairman’s announcement of a attainable rate of interest lower created bullish sentiment.

Bitcoin worth prediction

Presently, Bitcoin (BTC) is buying and selling round $64,250 and has skilled a worth improve of over 1% within the final 24 hours. In the meantime, buying and selling quantity has fallen by 31% over the identical interval, indicating decrease dealer participation.

As of now, specialists recommend a bullish outlook for Bitcoin, with a excessive likelihood that BTC may attain the $68,000 or $71,000 degree primarily based on worth motion and technical evaluation. Nonetheless, the $100,000 degree is taken into account much less seemingly.