According to Cointelegraph, Dan Tapiero, founder of 10T Holdings, said that Bitcoin will rise to $100,000 regardless of the outcome of the U.S. presidential election. Tapiero said at the Permissionless conference that Bitcoin is the representative of cryptocurrencies and will soon reach $100,000, and other assets will follow suit.

The U.S. Securities and Exchange Commission’s (SEC) tough stance on cryptocurrency companies has led many to believe that the current administration is against cryptocurrencies. Trump has promised to fire current SEC Chairman Gary Gensler, while Harris wants the U.S. to maintain its dominance in blockchain technology.

CK Zheng of ZX Squared Capital said that Bitcoin’s price will benefit regardless of who wins the presidential election. Bitcoin’s halving events have historically led to strong fourth-quarter performance.

Tapiero believes the trend of putting all value on the blockchain is bigger than one election and will continue and be global.