Crypto market forecast 2024-25, if Donald Trump wins the US election
The crypto market is gearing up for an amazing Q3! The Federal Reserve is likely to cut rates and spot ETFs for Ethereum and Solana are on the way, signaling investor interest, and the crypto's mainstream adoption is on the rise.
In a recent interview with Altcoin Daily, Russell Starr, Head of Capital Markets at Diffie Technology, suggested that a Trump victory in 2024 could further correct the market, which has felt crippled by the Biden and Gensler regime. With the US election in November, the market is expected to grow.
Here is a summary of the crypto market outlook for 2024/2025.
Analyst Insights on Crypto Market Outlook
The 2024/2025 market outlook looks promising for the crypto sector, with possible regulatory shifts and increased institutional acceptance. Starr believes that Trump's pro-crypto stance will usher in a new era for digital assets, with Bitcoin likely to reach $100,000 to $150,000 if Trump wins. Starr argued that Trump's election would lead to a more favorable regulatory environment for cryptocurrencies and a significant influx of capital into the space.
With the current political shift, there could be a significant shift in US policies that could propel Bitcoin and cryptocurrencies to new heights.
In addition, innovative companies such as DeFi technology, which offer diversified and high-yielding crypto-assets, are expanding globally, suggesting growth potential. As traditional markets struggle with inflation and economic instability, decentralized finance and digital currencies can attract more capital, making the coming years critical for the crypto business.
Star bullish view on Solana
After Bitcoin, Star is showing a strong interest in Solana over Ethereum, often seen as a “meme coin”, which has shown incredible returns and can reach high price levels like $500 or $600. He described Solana's strong performance as a major player in the crypto space and likely to surpass ETH.
The role and strategy of Defy Technologies
Next, Starr provided an overview of DeFi Technologies, highlighting the company's offensive strategy in the crypto market. DeFi Technologies is known for its innovative approach and innovative products that differentiate it from its competitors. The company is expanding globally, with a significant presence in Europe, the company wants to explore the Middle East, Asia and other regions. According to Starr, DeFi Technologies can profit from the crypto market by providing unique items and significant revenues.
Investment Insights
Finally, he advises investors to watch for major changes in the crypto market. He believes a Trump presidency could boost the sector. DeFi technologies, with their diverse products and global reach, stand out as a promising investment.
Do you think Trump's victory will be a turning point for crypto assets? Tell us.
