Election Outcomes Could Significantly Impact Bitcoin Prices

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.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.