Crypto enthusiast known as "Thomas" has forecasted that Bitcoin could reach $1 million by 2030, regardless of whether Donald Trump or Kamala Harris wins the U.S. presidential election.
Thomas asserts that the outcome of the election will not impede Bitcoin’s potential growth.
If Trump wins, Bitcoin goes to $1M by 2030
If Kamala wins, Bitcoin goes to $1M by 2030
— Thomas | heyapollo.com (@thomas_fahrer) September 8, 2024
As the 2024 presidential election approaches, Bitcoin’s future has become a key topic of discussion. Analysts, including those from Bernstein, suggest that Trump’s pro-crypto stance could lead to a significant increase in Bitcoin’s price. Bernstein recently predicted that if Trump wins, Bitcoin could rise to $90,000 by the end of the year.
In contrast, Kamala Harris has not been as vocal about her position on cryptocurrencies. Her recent political statements have not directly addressed crypto, leading to uncertainty about her potential impact on Bitcoin’s trajectory. Regulatory actions from the current administration, particularly from the Securities and Exchange Commission (SEC), have also raised concerns among crypto enthusiasts.
The crypto community is eagerly anticipating the upcoming presidential debates to gain more insight into each candidate’s plans for the cryptocurrency industry. These debates could significantly influence Bitcoin’s future and the broader crypto market.
Under President Nayib Bukele, El Salvador remains committed to its daily Bitcoin acquisition strategy, currently holding assets worth approximately $354.6 million.
After the long-awaited rate cut by the Federal Reserve, the crypto market started showing signs of recovery.
Raoul Pal, CEO of Real Vision and a prominent macro analyst, believes Bitcoin (BTC) is poised for significant breakout rallies, driven primarily by rising global liquidity.
As Bitcoin continues to strengthen its position in the market, BlackRock, a major financial institution, has released an updated report titled “Bitcoin: A Unique Diversifier.”