Impact of a Trump Victory on Cryptocurrency: Long-Term Boost to $92,000-$100,000 Possible in 2024
If Trump wins the 2024 presidential election, the cryptocurrency market may experience an initial boost, with potential longer-term gains. In contrast, a victory for Harris could lead to downward price pressure initially. The general election's outcome is likely to significantly influence the crypto landscape in the months following.
Market Projections Based on Election Outcomes:
Trump Win: A Trump administration could lead to price fluctuations within a range of $92,000 to $105,000, potentially setting new record highs.
Harris Win: Under Harris, the market might see a trading range of $52,000 to $72,000, with a gradual bullish trend possibly pushing prices past $102,000 over time.
Influence of Inflation and Liquidity Stances:
The projections also consider each candidate's approach to inflation. Harris’s policy may support specific interest groups, potentially shaping the cryptocurrency market in more nuanced ways over the long term.
Current Election Landscape:
According to Polymarket data, Trump currently has a 58% chance of winning, while Harris trails at 42%. Polling data, however, indicates a slight edge for Harris. With the outcome still uncertain, the crypto market awaits the election results to gauge the full impact on future valuations.
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