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.
Cryptocurrency investors are closely watching the Federal Reserve’s interest rate decision set for tomorrow.
Bitcoin and the crypto market as a whole experienced a swift recovery this past day, with most prices being in the green.
BlackRock’s IBIT Bitcoin ETF recorded its first daily net inflow in three weeks, bringing in $15.8 million.
Grayscale Investments’ Bitcoin Trust (GBTC) is still experiencing investor withdrawals, with an additional $20.8 million pulled out on Monday, as reported by Farside Investors.