Bitcoin (BTC) Could Reach $100,000 If Donald Trump Becomes US President Again (ChatGPT Estimates)

TL; DR

Donald Trump has promised to support Bitcoin and crypto mining, which could lead to an increase in the price of BTC if elected (according to ChatGPT).
Broader economic factors, such as inflation and Federal Reserve policies, can have a significant impact on the future value of an asset.

What are the BTC odds?

The US presidential election scheduled to be held in November this year is expected to be a controversial battle between President Joe Biden and Republican candidate Donald Trump. The latter soon presented He himself is the right choice for crypto enthusiasts, promising Bitcoin (BTC) and the industry to prosper if he returns to the White House.

With that said, we decided to ask ChatGPT if the original digital asset could be worth $100,000 if Trump becomes the 47th President of the United States. The AI-powered chatbot speculated that his potential victory would indeed fuel a price rally for BTC:

Trump's presidency may affect regulatory policies towards cryptocurrencies. If the administration takes a more crypto-friendly stance, this will have a positive impact on the price of Bitcoin.

ChatGPT also said that if Trump keeps his promises related to the crypto sector, BTC's valuation could go north. He soon He promised to add Bitcoin mining efforts in the United StatesHe describes the process as “the last line of defense against CBCC.” At the beginning of this year, the billionaire said that the digital dollar would be “very dangerous”, he would never allow its creation (if he won the election).

Recent elections indicate that. Donald Trump currently leads Biden by a small margin: 41% to 40% for his primary rival. Robert Kennedy is in third place with 9.2% of voter support.

More reasons

Chatgpty revealed that Trump's election as the next US president is not the only factor. to the Fueling the BTC price rally. Broader economic factors such as inflation, geopolitical stability and monetary policy can play a major role.

State inflation is one of the main factors closely monitored by the Federal Reserve, which has targeted an annual rate of 2%. Once that percentage is reached (or sooner), the central bank can move away from its aggressive inflation regime and cut interest rates.

The benchmark is currently. It is set at 5.25%-5.50% and some industry participants expect the crypto market to head north after the Fed lowers the rate. After all, this makes borrowing money cheaper, it can increase of Demand for risky assets like BTC and of Alternative coins.

Earlier this week, the US Bureau of Labor Statistics released its latest report: Showing off American inflation came Below expectations in May. However, the Fed decided to keep the rates unchanged: moving followed Discount in BTC.