As a seasoned analyst with over two decades of experience in financial markets, I must say that predicting Bitcoin’s price movement based on political outcomes can be tricky, but it certainly adds an interesting layer to the narrative.
Bitcoin price prediction for 2030 by crypto expert Thomas hinges on whether Donald Trump or Kamala Harris emerges victorious in the U.S. presidential elections. As the elections approach, discussions surrounding cryptocurrency have gained traction, with analysts like Bernstein also predicting that the election outcome could shape Bitcoin’s future course.
What The Bitcoin Price Will Be By 2030 If Trump Or Harris Wins
Thomas mentioned in an X (formerly Twitter) post that Bitcoin will reach $1 million by 2030, whether Donald Trump or Kamala Harris wins. The analyst suggested that the outcome of the US presidential elections in November wouldn’t stop the flagship crypto from reaching its full potential.
Experts in the field of cryptocurrency have been offering price forecasts for Bitcoin, considering the upcoming elections. This is not surprising given that Trump has positioned himself as a supporter of cryptocurrencies to attract crypto-voting blocs. According to Bernstein analysts, if Trump wins, Bitcoin could potentially reach up to $90,000 by the end of this year’s fourth quarter.
In June, Geoffrey Kendrick, the head of forex and digital assets research at Standard Chartered, forecasted that Bitcoin could climb to $100,000 before the elections, and potentially reach $150,000 by the end of the year if Donald Trump is elected as the next U.S. president. However, there has been little discussion about Bitcoin’s future path should Kamala Harris win the elections, as her position on cryptocurrencies remains unclear at this time.
As a researcher, I’ve noticed that Harris hasn’t explicitly addressed cryptocurrencies in her recent policy statement, leaving some members of the crypto community wondering about her stance. Given the current administration’s ongoing efforts to regulate crypto firms, primarily through the SEC, the Vice President’s silence on Bitcoin is particularly noteworthy.
Crypto Community Awaits Debate Between Trump And Harris
The crypto community awaits the US presidential debate between Trump and Harris. If both candidates discuss their plans for the crypto industry or crypto-related policies they intend to implement if elected, it could be a significant moment for Bitcoin and the broader crypto market.
During the initial US presidential debate between Trump and Biden in June, there was no discussion about crypto. However, given the increased involvement of crypto stakeholders in the election campaign since then, it’s reasonable to expect that this topic will be addressed during the upcoming debate. Notably, Ripple‘s co-founder Chris Larsen is among the 88 corporate leaders who recently endorsed Kamala Harris prior to the debate.
Currently, as I’m typing this, Bitcoin is being exchanged for approximately $56,800, marking a rise of more than 2% within the past 24 hours, based on information from CoinMarketCap.
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2024-09-11 06:04