- Analysts predict Trump could drive Bitcoin towards $100,000, while Harris may alter the crypto landscape.
- Historical trends show Bitcoin’s resilience after the elections.
As a seasoned analyst with over two decades of experience navigating financial markets, I’ve witnessed numerous cycles and trends that have shaped the global economy. The current discourse surrounding Bitcoin and the U.S. presidential election is particularly intriguing.
2021’s electoral process has ignited significant conversations about cryptocurrencies, leading to passionate arguments among those involved in the digital currency world.
As a crypto investor, I find myself intrigued by differing perspectives on how political outcomes might shape the future of Bitcoin and the broader digital asset landscape. Some analysts posit that a Trump victory could propel Bitcoin prices upwards, potentially reaching $100,000. On the other hand, they suggest that a Harris win could usher in significant changes within our digital asset ecosystem.
Tom Lee sees Bitcoin’s growth irrespective of…
According to Tom Lee from Fundstrat Global Advisors, we can expect a robust market trend in the years leading up to 2025, irrespective of the result of the U.S. presidential election.
Lee envisions a broad market rally across various sectors.
On CNBC, Lee pointed out that strong economic foundations combined with a cautious Federal Reserve could lead to a strong market rally by the end of the year.
As an analyst, I’ve observed that when election uncertainties fade away, a substantial amount of capital currently held in reserve is likely to flow back into the market.
After the doubts about the election clear up, a large amount of money that’s been waiting on the sidelines might flow back into the market again.
Furthermore, he added,
I’m optimistic, primarily because the uncertainty surrounding the elections has led investors to play it safe and hold back. However, the underlying economic conditions have remained strong.
Other analysts share similar sentiments
In line with my expectations, I found that I wasn’t alone in holding this view. Similarly, Daan Crypto Trades expressed their thoughts on the platform previously known as Twitter, mentioning…
It’s likely that the price could increase or decrease by at least 10%, based on the outcome of the upcoming election.
In another tweet, Daan underscored that various presidential contenders might bring about diverse impacts on the cryptocurrency sector.
Additionally, in a note published on the 4th of November, analysts at Bernstein emphasized that,
“Bitcoin remains the most resilient within crypto.”
By this, Bernstein underscored BTC’s ability to withstand political turbulence.
They acknowledged that the election results could trigger distinct price movements.
A Trump victory might propel Bitcoin to new heights, potentially reaching $80,000 to $90,000.
Yet, they warned that if Harris wins, there might be an initial decrease, potentially causing Bitcoin’s value to fall near the $50,000 mark.
What lessons can we learn from Bitcoin’s history?
Historically speaking, Bitcoin appears to regain strength after U.S. presidential elections.
After the 2012 election, BTC surged nearly 12,000% from $11 to over $1,100 by November 2013.
By the year 2016, its value was roughly $700. It reached an all-time high of about $18,000 in December 2017, which represents a staggering increase of around 36 times (or 3,600%) over that period.
After the 2020 presidential election, the value of Bitcoin skyrocketed by an impressive 478%. This surge led to its price soaring to approximately $69,000 within a year, and it even reached over $73,000 in March 2024.
If the trend from the past two post-election periods holds true and there’s a 90% decrease in projected price increases, this could lead to a surge of approximately 47.8%. Such a rally might push the value of Bitcoin up to around $103,500 by the end of 2025.
Currently, a single Bitcoin is valued at approximately $68,804.11, showing a slight rise of about 0.43% in the past day.
This past week, it saw a decrease of 3.18%, having peaked around $73,000 previously.
Read More
- ZK PREDICTION. ZK cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- CYBER PREDICTION. CYBER cryptocurrency
- SHIB PREDICTION. SHIB cryptocurrency
- ETH PREDICTION. ETH cryptocurrency
- JASMY PREDICTION. JASMY cryptocurrency
- LDO PREDICTION. LDO cryptocurrency
- COMP PREDICTION. COMP cryptocurrency
- BCH PREDICTION. BCH cryptocurrency
- FARM PREDICTION. FARM cryptocurrency
2024-11-05 19:04