How Will the U.S. Elections Affect the Crypto Market? Let's See What Foreign Experts Say
Economist and renowned trader Alex Krüger shared bold predictions for the Bitcoin (BTC) market on the eve of the U.S. elections. He stated that if Trump wins, the price of Bitcoin could "skyrocket," while if Kamala Harris wins, BTC will gradually rise after a brief pullback.
Krüger presented his election night BTC trading strategy to his 185,000 followers on X platform:
Trump wins: The price of Bitcoin is expected to reach $90,000 by the end of the year, with a probability of 55%.
Harris wins: The price of Bitcoin could reach $65,000 by the end of the year, with a probability of 45%.
Weighted average: $79,000.
Krüger stated that the market usually reacts quickly to such binary events, regardless of which side wins, volatility will be significant. "If Trump wins, BTC will immediately skyrocket; if Harris wins, it may pull back first and then rise." He emphasized that timing is crucial, and investors need to act promptly, whether using leverage or investing.
Additionally, Krüger specifically pointed out that if Trump wins, he will bet most of his capital on Bitcoin and Nvidia, and increase his holdings in Ethereum's biggest competitor, Solana (SOL). He stated, "Many may disagree, but that's the charm of the market." Currently, SOL's trading price is $165.
The market is once again in turmoil; this election is not only a political game in the U.S. but may also be a "grand play" for the crypto market such as Bitcoin.
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