Odaily Planet Daily News Industry insiders believe that despite the growing partisan sentiment in the cryptocurrency industry, Bitcoin will thrive in the long term no matter who wins the U.S. presidential election in November. Regardless of who wins the November election, Bitcoin prices will almost certainly reach six figures by 2025, said Swan Bitcoin’s Steven Lubka, adding: “Bitcoin has always been an investment, more rooted in countries , sovereign countries and the fiscal and monetary conditions of the United States, neither candidate has changed this.” James Davies of Crypto Valley Exchange believes that even if Harris is elected president, it will not significantly affect the price of Bitcoin, crypto startups. There may be greater challenges ahead, but the industry will continue to push forward and thrive. Lubka agreed that some observers are “overestimating the risks of a Harris presidency” because of the hostility the cryptocurrency industry has experienced during the Biden administration. However, he added that “all the signs we’re seeing from a Harris presidency point to a gradual downgrade of the Biden-era cryptocurrency rhetoric.” “The election results will have minimal impact on Bitcoin’s performance over the next 12 to 18 months,” said Tyrone Ross, founder and president of registered investment advisor 401 Financial. “There are still many companies doing business through the ETF channel, interest rates are about to fall, and centralized Retail trading is at a low level for custodians. It will definitely be more difficult for young startups, but as a developing institutional-grade quality asset, it will continue to prove itself no matter who is in charge." Crypto wallet operators Daniel Cawrey, chief strategy officer at Tonkeeper, said that the crypto market may see a short-term surge or a lackluster reaction depending on the final winner in November, but regardless, the crypto market has already performed better this election season. After hitting an all-time high of $73,000 in March, Bitcoin spent much of 2024 trading between $55,000 and $70,000. Investors widely expect Bitcoin prices to remain depressed until U.S. voters decide the next president. However, recent election news has had less of an impact on Bitcoin prices, which are more influenced by macroeconomic developments.（ CNBC）

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