Crypto experts predict that Bitcoin could reach $100,000 regardless of the outcome of the 2024 US presidential election. According to a report, this prediction is based on global fiscal and monetary conditions rather than US politics.
Expert Predictions
Steven Lubka, head of private clients at Swan Bitcoin, believes that BTC will likely reach six figures by 2025, regardless of whether it is under the presidency of Donald Trump or Kamala Harris. He emphasizes that Bitcoin’s growth is more influenced by global economic conditions than American political leadership.
Impact of Kamala Harris' Victory
James Davies, co-founder of Crypto Valley Exchange, shares this view. He notes that while American crypto startups may face difficulties under a Harris presidency, the growing institutional presence of Bitcoin, especially with the rise of Bitcoin ETFs, will allow the cryptocurrency to thrive in the long term. Davies adds that BTC is a global commodity and that the market does not react negatively to partisan events in the United States.
Long-term Prospects of Bitcoin
Bernstein analysts predict that Bitcoin could reach around $90,000 if Trump is re-elected, while a Harris victory could lead to a temporary drop to $40,000. However, Lubka insists that short-term movements should not affect Bitcoin’s mid-term prospects. Instead, Bitcoin's growth appears to be more influenced by global economic conditions than by election results.
Although the US presidential election in 2024 could lead to short-term fluctuations in the BTC price, experts remain optimistic about its long-term prospects. Bitcoin’s growth appears to be more influenced by global economic conditions than by election results, indicating a promising future for this crypto.
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