“Do I think we’ll be in six figures by 2025? Absolutely,” Steven Lubka told CNBC of Swan Bitcoin. This could be reassuring for the fast-moving crypto markets. VanEck predicts Bitcoin will reach $100,000 by the end of 2024 if Trump wins.

US Presidential Election and Potential Impact

Following the debate between Kamala Harris and Donald Trump, the price of meme coins supporting Trump has fallen, with Harris surpassing Trump on Polymarket. Polymarket is the largest betting market on Ethereum, with Harris 50% to Trump’s 49%.

Bitcoin’s price has been following a cycle for twelve years. It tends to rise for about a year after a regular supply cut every four years. The last supply cut was on April 19, and experts believe the real impact has yet to be felt.

The Fed is planning to cut interest rates, and this could start at the FOMC meeting next week. Current estimates predict the Fed will cut rates by 25 basis points.

65% of US Consumers Expect Crypto to Replace Cash

According to a new survey from Deutsche Bank, 65% of US consumers believe crypto could one day replace cash. Bitcoin doesn’t seem to have much to fear from partisan lines in the US government. 🚀