The head of alpha strategies at Bitwise, Jeff Park, predicted that $BTC could rise to $92,000 if Donald Trump wins the US presidential election in 2024. In an October 22 post on X, Park explained what:
by analyzing Bitcoin's price movement relative to Trump's odds on decentralized betting platform Polymarket and applying merger arbitrage-style probability calculations, he sees a strong likelihood of a post-election surge.
“I project that a Trump victory could push $BTC to $92,000,” Park wrote, joining the growing list of analysts predicting that a Trump victory could significantly boost the cryptocurrency market. The 2024 US presidential election is attracting an unprecedented level of interest from the crypto community as Donald Trump has made pro-crypto policies a key part of his campaign.
He has vowed to make the US the “cryptocurrency capital of the world” and promised to remove SEC Chairman Gary Gensler on his first day in office, aiming to create a more favorable regulatory environment for digital assets.👽
Bitcoin millionaire Erik Finman also shares Park’s optimism. Finman said a Trump presidency could see the $BTC climb as high as $100,000, crediting Trump’s policies for potentially boosting the cryptocurrency market and driving widespread growth.
According to data from 538 polls, Harris leads Trump by a narrow 1.8% margin nationally. However, on betting markets like Polymarket, Trump holds a significant lead of 18.8%, reflecting growing confidence in his electoral chances among crypto enthusiasts. #Trump
#TRUMPCOIN #bct #bitcoin #TopCoinsSeptember
