Trump Victory Could Propel Bitcoin to $92,000-$105,000 in 2024
If Trump secures the presidency, it could spark a short-term boost in the cryptocurrency market, whereas a win for Harris might initially put downward pressure on prices. The election outcome is expected to significantly impact the cryptocurrency landscape over the next two months.
In the longer term, a Trump win could drive market fluctuations in the $92,000 to $105,000 range, potentially setting the stage for record highs. Conversely, under a Harris administration, the market may trade within a $52,000 to $72,000 band, with the potential for a gradual bull trend that could eventually push values past $102,000.
This forecast considers each candidate’s stance on inflation, with Harris likely to support liquidity for specific sectors, potentially influencing the cryptocurrency sector more deeply over time. Currently, Polymarket data indicates a 58% probability of a Trump victory, while Harris trails with 42%. However, polling data shows Harris with a slight edge. The election remains uncertain, and the final results will ultimately determine the market’s trajectory.
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