Bitcoin is set to rise
In this year's US election, if Trump is elected, the cryptocurrency will soar to $125,000. If Harris is elected, the cryptocurrency is expected to rise to $75,000
Will Trump push Bitcoin up by 2 times?
Although Trump once opposed cryptocurrency, in this year's election, Trump's attitude towards cryptocurrency changed drastically. He not only publicly announced his support for cryptocurrency, but also called himself "crypto president".
At the Bitcoin 2024 conference in July this year, Trump also publicly announced that if he won the election, he would list Bitcoin as a strategic reserve asset of the United States, and planned to cancel federal crypto regulations and replace the current chairman of the US Securities and Exchange Commission, Gary Gensler.
Harris' victory is also good for Bitcoin
On the other hand, if the current Democratic candidate Harris wins the election, it will also be good for cryptocurrency.
Although Harris is not as high-profile as Trump in supporting Bitcoin, Kendrick believes that Harris' attitude towards cryptocurrency will be more open than some people think compared to Biden.
For example, while Biden has retained a bill that prevents banks from providing digital asset custody, Harris may change direction.
If Harris wins the presidential election, Bitcoin will reach $75,000 by the end of the year - although it is far less than Trump's result, it still exceeds Bitcoin's historical high of nearly $74,000.
If Harris wins, I think Bitcoin will rise after the initial decline once the market realizes that regulatory changes under Harris' leadership are still possible. "
There are other positive factors.
If Trump wins the election, Bitcoin will rise to $90,000 in December.
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