As the US presidential election approaches, discussions about the future of Bitcoin are becoming increasingly relevant in the crypto community. Experts are making bold predictions about how Donald Trump's victory could impact the price of the popular cryptocurrency.
Impact of Politics on BTC Price
The correlation between political events and cryptocurrency prices has always been intriguing. Donald Trump is known for his relatively open stance towards crypto assets and blockchain technology. As a result, many believe that his return to the presidency could lead to more favorable cryptocurrency policies.
Trump's Role in Changes
A cryptocurrency expert predicted that if Donald Trump wins, the price of Bitcoin could easily reach $100,000. This view was also supported by Skybridge Capital founder Anthony Scaramucci, who said, "I do think Bitcoin could reach $100,000. It just takes longer because there are more regulatory hurdles and uncertainty." A poll on the prediction platform Polymarket showed that 51% of participants believe Trump will win, reinforcing assumptions about his impact on the cryptocurrency market.
Current BTC Metrics
Currently, Bitcoin is trading around $64,250, reflecting a moderate increase of over 1% in the last 24 hours. Despite the price surge, trading volume has dropped by 31%, indicating lower trader participation. Experts maintain a bullish outlook for Bitcoin, predicting that its price could reach levels of $68,000 or even $71,000, though the $100,000 mark remains less likely.
The impact of Donald Trump's victory on Bitcoin's price remains a hot topic of discussion. While many analyze the potential pros and cons, the future of the cryptocurrency largely depends on the political and regulatory environment.
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