đ Trump Victory Could Catapult Bitcoin to $92K!
Bitwiseâs head of alpha strategies, Jeff Park, made a bold predictionâBitcoin could soar to $92,000 if Donald Trump wins the U.S. presidency in November. In an Oct. 22 X post, Park applied âmerger arb-style probability mathâ to Bitcoinâs price charted against Trumpâs odds on the decentralized betting platform Polymarket. His analysis suggests a Trump win could trigger a massive BTC rally.
Park isnât the only one making bullish forecasts. Crypto millionaire Erik Finman also predicted that a Trump victory could push Bitcoin as high as $100,000, citing Trump's pro-crypto stance. Trump has promised to make the U.S. the "crypto capital of the world" and vowed to fire SEC Chair Gary Gensler on day one of his presidency, which has excited crypto investors and voters alike.
However, not everyone is convinced. Billionaire investor Mark Cuban, backing Kamala Harris, warned that a Trump win may only cause a short-term pump in the crypto market, followed by a downturn. Cuban highlighted Trumpâs economic policies, particularly import tariffs, as inflationary and potentially harmful to Bitcoin in the long run.
As the election approaches, national polls show Harris with a slight lead over Trump. Yet, betting markets tell a different story, with Trump leading Harris by 18.8% on Polymarket.
While Trumpâs crypto-friendly policies have many excited, it's clear that the November election could be a pivotal moment for the future of Bitcoin and the entire crypto space. Will BTC hit $92K? Only time will tell.
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