Trump’s election win could push Bitcoin to $92K, says Bitwise exec
Crypto asset manager Bitwise's head of Alpha Strategies predicts that Bitcoin could reach as high as $92,000 if Donald Trump wins the US presidency in November.
In an Oct. 22 post for X, Jeff Park on the decentralized betting platform Polymarket compared the price of Bitcoin (BTC) to the odds of Trump and applied some “Friday-style probability math,” writing that Bitcoin is more likely to shake up. Election victory.
“I predict a Trump victory could push BTC to ~$92,000,” Park wrote.
Source: Jeff Park
Park's bullish price forecast for Bitcoin joins the list of analysts and analysts who expect a Trump victory to send the value of crypto assets soaring.
Bitcoin millionaire Eric Fineman told Cointelegraph that he believes a Trump election win could lead to Bitcoin's rally reaching $100,000.
“His policies will fuel the crypto market, leading to significant growth across the board.”
Crypto has never been so closely tied to the outcome of a political event. Republican candidate Donald Trump has made pro-crime policies a cornerstone of his 2024 election campaign.
To win over single-issue crypto voters, Trump pledged to turn the US into the “crypto capital of the world” and said he would fire Securities and Exchange Commission Chairman Gary Gensler “on day one” of his presidency.
However, not everyone believes that Trump's victory will be a long-term victory for the crypto markets.
Billionaire investor and entrepreneur Mark Cuban – who came out to support Kamala Harris – told Cointelegraph that if Trump wins, the crypto markets could “pump for a few weeks” before going down again.
He said several of Trump's proposed economic policies — including the controversial import tariffs — are highly inflationary and could derail Bitcoin's price action in the long run.
Harris currently leads Trump by 1.8% in national polls, according to data from 538 polling stations.
Kamala Harris holds a slight lead over Trump in national polls. Source: 538
The story is completely different in the betting markets, where Trump currently holds an 18.8% lead on Harris at Polymarket.
X Hall of Flame: Bitcoin ‘Starts to Tear Up' as Trump Polls Improve – Felix Hartmann
