Election Outcomes Could Significantly Impact Bitcoin Prices
25.10.2024 8:00 1 min. read Alexander Zdravkov
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.
This could be due to concerns about inflation stemming from Trump’s economic policies affecting Bitcoin’s long-term prospects.
-
1
Michael Saylor’s Strategy Adds $2B in Bitcoin Despite Market Jitters
31.03.2025 21:00 1 min. read -
2
Bitcoin Mining Shifts to Renewables: Coal Usage Drops as Clean Energy Rises
03.04.2025 8:00 2 min. read -
3
As Trump’s Tariffs Unfold, What’s Next for Bitcoin and the Crypto Market?
04.04.2025 20:00 2 min. read -
4
China’s Tariff Retaliation Hits Crypto: Can Bitcoin Stay Resilient?
05.04.2025 20:00 2 min. read -
5
Is a Bitcoin Shakeout Coming? Critical Support Level Under Watch
13.04.2025 20:00 2 min. read
Bitcoin Hits $89,000 as Market Chaos Sparks Crypto Surge
Bitcoin (BTC) managed to surge past the price mark of $89,000, as investors flock to the cryptocurrency amidst traditional market turbulence and increasing political uncertainties.
Bitcoin ETFs Bounce Back With Largest Inflows in Nearly Three Months
Bitcoin exchange-traded funds in the U.S. saw a major resurgence on April 21, marking their strongest day for net inflows in nearly three months.
Japan’s Metaplanet Ramps Up BTC Strategy, Targets 21,000 Coins
Tokyo-based Metaplanet has continued its aggressive Bitcoin strategy, now holding over $400 million in BTC following its latest acquisition.
Bitcoin Briefly Breaks $87K Barrier as Investors Return
Bitcoin has staged a strong comeback, briefly pushing beyond $87,000 for the first time in weeks as liquidity conditions improve globally and institutional players show signs of renewed appetite, even while concerns around U.S. trade tensions keep broader markets on edge.
-
1
Michael Saylor’s Strategy Adds $2B in Bitcoin Despite Market Jitters
31.03.2025 21:00 1 min. read -
2
Bitcoin Mining Shifts to Renewables: Coal Usage Drops as Clean Energy Rises
03.04.2025 8:00 2 min. read -
3
As Trump’s Tariffs Unfold, What’s Next for Bitcoin and the Crypto Market?
04.04.2025 20:00 2 min. read -
4
China’s Tariff Retaliation Hits Crypto: Can Bitcoin Stay Resilient?
05.04.2025 20:00 2 min. read -
5
Is a Bitcoin Shakeout Coming? Critical Support Level Under Watch
13.04.2025 20:00 2 min. read
