Musk said that if Trump loses the 2024 US presidential election, he will be in trouble, and the price of Dogecoin will fall sharply, especially at the moment when the election results are announced, the market will react quickly.

On the contrary, if Trump wins, the price of Dogecoin will rise sharply, and Bitcoin will also accelerate to $100,000. Musk even directly provided monetary incentives in seven swing states to encourage voters to support Trump in order to support Trump. He posted on social media that as long as he recommended a voter in a swing state, he could get a reward of $47. This is an activity of the "American Political Action Committee" created by Musk to collect signatures of voters who support freedom of speech and gun rights.

At the Bitcoin Conference, Trump made promises to the cryptocurrency industry, including making the United States the first country to list Bitcoin as a strategic reserve asset, expelling the chairman of the US Securities and Exchange Commission who is regarded as hostile to the cryptocurrency industry, establishing a presidential advisory committee on Bitcoin and cryptocurrency, and encouraging power plants to increase power supply for Bitcoin mining.

There are only 26 days left before the US presidential election. Historical data shows that Bitcoin has performed very strongly after each election. However, due to the uncertainty of the election results, large funds often choose to avoid risks. In the recent market, the price of Bitcoin has fallen from $66,000 to $60,000. But Musk's assist has made Trump's winning rate in the polls surpass that of the previous one, alleviating the market's concerns, and the price of Bitcoin has been trading sideways above $60,000.

If the news of Trump's victory is confirmed, all uncertainties will be eliminated, big funds will quickly flow into the market, and the price of Bitcoin is expected to quickly break through the previous high of $73,000 and reach the level of $100,000.