If Donald Trump wins the 2024 US presidential election, Bitcoin's price could skyrocket to $125,000, according to Geoff Kendrick, Head of Crypto Research at Standard Chartered Bank ¹. This prediction is based on Trump's pro-crypto stance, which has been evident in his recent statements and actions.
Trump's Crypto Agenda: $BTC
🟢Support for Bitcoin mining: Trump has expressed his intention to make the US the "Bitcoin mining powerhouse" of the world.
🟢 Regulatory overhaul: He plans to fire SEC Chairman Gary Gensler, who has been criticized for his strict regulatory policies.
🟢Strategic Bitcoin stockpile: Trump has also proposed creating a strategic Bitcoin stockpile.
🚀On the other hand, a Kamala Harris presidency is expected to drive Bitcoin's price to $75,000, still a significant increase.
However, Harris's stance on crypto remains unclear, and her administration's regulatory policies may be less favorable to the industry.
If Kamala Harris wins the 2024 US presidential election, Bitcoin's price might experience a 10.5% drop, according to André Dragosch, European Head of Research at Bitwise Asset Management ¹. This prediction is based on historical data and current trends in crypto markets. However, it's essential to note that the relationship between US presidential elections and Bitcoin's performance is complex.
Potential Outcomes:
- Short-term volatility: Bitcoin's price may experience significant fluctuations in the short term due to election-related uncertainty.
- Long-term growth: The crypto industry's momentum is expected to continue regardless of the election outcome, with Bitcoin potentially hitting $200,000 by the end of 2025.
Keep in mind that these predictions are based on current trends and analysis, and the actual outcome may differ.
