Crypto investors are confident that Bitcoin (BTC) will reach $100,000 no matter who wins the U.S. presidential election between Donald Trump and Kamala Harris. The growing role of cryptocurrency in political discussions has made Bitcoin’s price a hot topic ahead of the polls. However, past trends suggest that Bitcoin’s performance is independent of election outcomes, and many experts believe BTC will achieve new highs by 2025.
Bitcoin Expected to Hit $100,000 Regardless of U.S. Election Outcome
A CNBC report highlighted the strong belief among crypto investors that Bitcoin is on track to reach $100,000, whether Trump or Harris becomes the next U.S. president. Steven Lubka, head of private clients at Swan Bitcoin, remarked that the digital asset is heavily influenced by global fiscal and monetary policies, and neither candidate will alter Bitcoin’s trajectory. Lubka expressed near certainty that Bitcoin will hit six figures by 2025.
The candidates have different approaches to cryptocurrency. Donald Trump has openly expressed support for the crypto industry and made several promises related to Bitcoin in his campaign. Meanwhile, Kamala Harris has been silent on her stance, which is concerning for some given her association with the Biden administration, known for taking regulatory action against the crypto sector through agencies like the U.S. Securities and Exchange Commission (SEC).
Concerns About a Harris Presidency May Be Overblown
James Davies, co-founder of Crypto Valley Exchange, believes that fears of a Harris presidency negatively affecting Bitcoin are unfounded. He stated that the crypto industry will continue to thrive regardless of the election’s outcome, especially as Bitcoin has become more institutionalized with the introduction of spot Bitcoin ETFs.
Lubka also downplayed concerns about Harris, noting that while some in the crypto community are worried due to the Biden administration’s regulatory actions, the “signs” from Harris suggest a more moderate approach toward crypto.
Tyrone Ross, founder of investment advisor 401 Financial, echoed this sentiment, emphasizing that the Trump-Harris election will likely have minimal impact on Bitcoin’s long-term performance. Ross remains bullish on Bitcoin, pointing to the growing push for Bitcoin ETFs and the likelihood of a Federal Reserve rate cut, which could benefit the cryptocurrency market.
Historical Trends: Bitcoin Will Likely Rise Post-Election
Historically, Bitcoin’s price has risen regardless of who wins the U.S. presidential election. In both 2017 and 2021, BTC hit new highs following the election, and investors expect a similar pattern for 2025. The current market's cautious price movement is seen as a reaction to the uncertainty surrounding the upcoming election, but experts believe any volatility will subside after the vote.
Once the political landscape becomes clearer, a Bitcoin price recovery is expected, as more investors may feel confident in increasing their exposure to risk assets like BTC. This post-election period could serve as a launchpad for Bitcoin’s rise to $100,000.
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