“With Donald Trump’s victory, Bitcoin (BTC) could reach $92,000”

It has been suggested that Bitcoin ($BTC ) could reach $92,000 if Donald Trump wins the US presidential election.

Bitwise’s strategic manager Jeff Park stated in a post on X (formerly Twitter) on October 22 that there could be a major increase in the price of Bitcoin if Trump wins. Park charted the price of Bitcoin according to Trump’s election chances on decentralized prediction platforms such as Polymarket.

“A Trump victory could push BTC to around $92,000.”

Not only Jeff Park, but many analysts and traders believe that Bitcoin will rise due to Trump’s influence. Although there has not been a clear increase in BTC yet, its strong stance inspires confidence.

Bitcoin millionaire Erik Finman stated in an interview with Cointelegraph that a Trump victory could push Bitcoin up to $100,000. Finmann expressed his views as follows:

“Trump’s policies will revitalize the crypto market and lead to a large growth in general.”

The crypto market has never been so connected to US politics. Republican candidate Donald Trump made crypto policy one of the cornerstones of the 2024 election campaign. These developments have excited crypto investors. Most investors believe that a Trump victory will start the Bitcoin rally.

US presidential candidate Trump promised to make the US “the crypto capital of the world” and announced that he would dismiss Securities and Exchange Commission (SEC) Chairman Gary Gensler on the first day of his presidency. The market may relax if Gensler, who is known for his stance against cryptocurrencies, is dismissed. Most investors are focused on the results of the US presidential election. It is highly likely that upward movements will come with a Trump victory.

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