Some analysts dare to predict a Bitcoin price of more than $80,000 if Donald Trump wins the American elections. According to the polls However, it is an exciting race between Trump and Kamala Harris, and it is far from clear who will come out on top today.
Bitcoin to $80,000 to $90,000 if Trump wins
If Trump wins the election, then to expect the analysts at the big Bernstein in any case have a Bitcoin price of 80,000 to 90,000 dollars.
The main reason for that prediction is of course Trump’s support of Bitcoin. During his campaign, he expressed several times his desire to make America a leader in the field of Bitcoin and mining.
Including by wanting to create a national Bitcoin reserve and also mine all remaining BTC on American soil.
Bernstein’s bullish predictions correspond to a fractal analysiswhich shows Bitcoin heading towards new all-time highs following the US elections.
Although it must be said that this analysis is mainly based on Bitcoin’s standard cycle. Ultimately, we just have to see whether that cycle manifests itself again, because past results naturally offer no guarantees for the future.
Hard dump for Bitcoin if Harris wins
Market analyst Miles Deutscher is concerned about the American elections. If Kamala Harris wins, he expects an “immediate dump” for the Bitcoin price.
In my opinion:
Trump win = Instant pump, new ATH this year
Kamala win = Instant dump, new ATH Q1 2025Either way $BTC goes to $100k+, it’s just the path that changes.
(I do, however, think the ceiling is higher for both #Bitcoin and alts if Trump wins)
— Miles Deutscher (@milesdeutscher) November 4, 2024
Regardless of the outcome of the elections, however, he expects a Bitcoin price of $100,000 in the long term. The outcome of the elections will only change the path to that course, he says.
Although he does believe that the price ceiling of Bitcoin and altcoins will be higher if Trump wins the election.
That idea is consistent with betting behavior on Polymarkets, where people are increasingly stake on a Bitcoin price crash in November.
What do you expect? Will Bitcoin explode in the last months of 2024 and reach new all-time highs, or should we be patient even longer?
Bitcoin and the Election: Hedge Your Bets, Folks
Who would have thought that the price of Bitcoin could be influenced by a presidential election? I mean, it’s almost as though the fate of millions of dollars rests on whether Donald Trump or Kamala Harris walks into the Oval Office! What’s next? Will the price of avocado toast plummet if they decide to plant a garden at the White House? Predicting Bitcoin’s price based on the election results is like trying to guess the ending of a soap opera. You know it’s going to be dramatic, but the details are anyone’s guess!
Trump: The Bitcoin Evangelist?
Some analysts are feeling particularly frisky, predicting that if Trump wins, Bitcoin could skyrocket past $80,000, or even reach $90,000! Can you believe that? Not only does he have an opinion on the economy, but he also wants America to be the ‘go-to’ for Bitcoin mining. I mean, who knew The Donald had such a soft spot for cryptocurrency? What’s next? A Bitcoin-themed reality show called “Crypto Wars”? I’d watch that!
Imagine Trump sitting in a gold-plated office, tweeting out strategies for mining Bitcoin. “We’re gonna mine the best Bitcoin. No one mines Bitcoin like we do. Tremendous Bitcoin! Believe me!”
And let’s not forget the idea of a national Bitcoin reserve. You just know there’s a team of economists somewhere pulling their hair out, thinking, “I went to university for this?”
Kamala: The Dampener?
But brace yourselves! If Kamala Harris wins, the analysis takes a darker turn, with predictions of an instant “dump” for Bitcoin. And no, I don’t mean a dumpster diving adventure; I mean some serious price plummeting. It’s like watching your favorite kitten video suddenly turn into a horror movie.
Market analyst Miles Deutscher isn’t mincing words: his outlook is clear—Trump equals pump, Harris equals dump! It’s either a roller coaster or a flat ride, depending on who you’re supporting. It’s hard to be neutral when your wallet is involved!
In my opinion:
Trump win = Instant pump, new ATH this year
Kamala win = Instant dump, new ATH Q1 2025Either way $BTC goes to $100k+, it’s just the path that changes.
(I do, however, think the ceiling is higher for both #Bitcoin and alts if Trump wins)
— Miles Deutscher (@milesdeutscher) November 4, 2024
The Final Countdown
One thing is clear: regardless of who takes the crown—or in this case, the rolly chair—the long-term forecast for Bitcoin looks promising, with a target of $100,000 lurking in the background. Just remember to strap in because the ride will be bumpy—especially if you decide to invest based on election outcomes! It’s like betting on a dog race, but the dogs are running laps in your finances.
So, as we turn our sights to November, ask yourself: what do you expect? Will Bitcoin shoot into the stratosphere, or are we in for some more patient waiting? Either way, 2024 is shaping up to be a pretty wild dumpster fire—er, I mean, political race! Get your popcorn ready, folks. This is going to be one hell of a show!
Some analysts are bold enough to forecast that a Bitcoin price could soar above $80,000 should Donald Trump emerge victorious in the upcoming American elections. According to the polls, the election is shaping up to be a nail-biting contest between Trump and Kamala Harris, and the final outcome remains uncertain.
Bitcoin to $80,000 to $90,000 if Trump wins
If Trump clinches the presidency, analysts at Bernstein speculate that Bitcoin could potentially reach between $80,000 and $90,000. This bullish outlook is largely attributed to Trump’s outspoken support for Bitcoin, having repeatedly stated his ambition to position America as a frontrunner in the cryptocurrency realm, particularly in mining activities.
Trump even proposed the establishment of a national Bitcoin reserve and aims to ensure that all remaining Bitcoin is mined exclusively on American soil. Bernstein’s optimistic projections align with a fractal analysis, indicating that Bitcoin may be on track for new all-time highs post-election.
It’s worth noting, however, that this analysis primarily relies on Bitcoin’s historical cycle; while there are precedents for this cycle repeating, past performance does not guarantee future results.
Hard dump for Bitcoin if Harris wins
Market analyst Miles Deutscher expresses serious concerns regarding the election’s potential impact on Bitcoin. He foresees an “immediate dump” in Bitcoin’s price should Kamala Harris take the victory in the election.
In my opinion:
Trump win = Instant pump, new ATH this year
Kamala win = Instant dump, new ATH Q1 2025Regardless of the outcome, $BTC heads to $100k+, just the path differs.
(I do believe the ceiling is higher for both #Bitcoin and altcoins if Trump wins)
— Miles Deutscher (@milesdeutscher) November 4, 2024
Regardless of which candidate prevails, Deutscher anticipates that Bitcoin is likely to reach $100,000 in the long run, asserting that the election results will merely alter the trajectory towards that target. He maintains that Trump’s victory could lead to higher price ceilings for Bitcoin and its altcoins.
This sentiment is echoed by betting patterns observed on Polymarkets, where an increasing number of bettors are placing their stakes on a potential Bitcoin price plunge this November.
What do you expect? Will Bitcoin surge dramatically in the latter months of 2024 and achieve new all-time highs, or should we prepare for a longer wait?
Eading”>What Happens if Kamala Harris Wins?
On the flip side, if Kamala Harris secures the victory, analysts are preparing for considerable downward pressure on Bitcoin’s price. The sentiment in the market suggests a potential “immediate dump,” with some predicting that it could lead to a reassessment of Bitcoin’s trajectory. While the long-term prognosis remains intact, with many forecasting a rise to $100,000, the immediate aftermath of a Harris win could stifle momentum and delay the rally.
This divergence in expectations highlights the volatility in the cryptocurrency market, especially when intertwined with political events. Traders and investors who align their strategies with potential election outcomes find themselves in a challenging position, where emotions and political allegiances might cloud decision-making.
Final Thoughts
The countdown to the elections has the potential to steer not just the political landscape but also the cryptocurrency markets significantly. Will it be a skyrocketing Bitcoin or a plummeting one? The stakes are high, and as investment strategies unfold, it will be interesting to see how the market reacts based on the unfolding political drama.
Regardless of your political stance, it’s essential to remain informed and cautious. Whether you believe in the bullish forecasts or the more conservative estimates, remember that the future of Bitcoin, like the election, is inherently unpredictable. Keep your eyes open, your ears to the ground, and your popcorn ready—because the show is about to begin!
