With the first presidential debate between Kamala Harris and...
With the first presidential debate between Kamala Harris and Donald Trump happening tomorrow, it feels like the right moment to reflect on how the outcome of the election could impact the crypto market - precisely the BTC price development.
According to Bernstein analysts, the stakes are high and the results could lead to very different outcomes:
1/ If Trump wins, we might see Bitcoin’s price soar to $80,000 to $90,000.
Trump has clearly embraced crypto, with bold plans to turn the US into the “crypto capital,” including appointing a pro-crypto SEC chair.
2/ On the flip side, if Kamala Harris secures the win, analysts predict Bitcoin could drop to $30,000 to $40,000.
Harris has yet to articulate her stance on crypto, leaving the future a bit uncertain from her side.
Current Polymarket forecasts show Trump slightly leading Harris, with a 52% chance of victory vs. 47% for Harris. Still, at this point it's not predictable who’s gonna end up in the White House.
A crypto-friendly political environment could undoubtedly help the market – and this is where the election’s outcome could really matter. But the question remains:
Can the result of the US election have such a major short-term impact on Bitcoin’s price development?
According to Bernstein analysts, the stakes are high and the results could lead to very different outcomes:
1/ If Trump wins, we might see Bitcoin’s price soar to $80,000 to $90,000.
Trump has clearly embraced crypto, with bold plans to turn the US into the “crypto capital,” including appointing a pro-crypto SEC chair.
2/ On the flip side, if Kamala Harris secures the win, analysts predict Bitcoin could drop to $30,000 to $40,000.
Harris has yet to articulate her stance on crypto, leaving the future a bit uncertain from her side.
Current Polymarket forecasts show Trump slightly leading Harris, with a 52% chance of victory vs. 47% for Harris. Still, at this point it's not predictable who’s gonna end up in the White House.
A crypto-friendly political environment could undoubtedly help the market – and this is where the election’s outcome could really matter. But the question remains:
Can the result of the US election have such a major short-term impact on Bitcoin’s price development?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Wardogone11 : Rump will be incoherent as usual.
Tissy72 Wardogone11 : Learn to spell. Trump will be great.