Donald Trump

2024

Elon Musk

<p>As the November 5, 2024, <a href="https://www.youtube.com/watch?v=aP2Q_7rzNs0&amp;pp=ygUadXMgZWxlY3Rpb24gMjAyNCBjb2lucGVkaWE%3D" target="_blank" rel="noreferrer noopener">U.S. general elections</a> draw near, the cryptocurrency market—led by Bitcoin (BTC)—is slowly picking up momentum. The growing use of digital assets by both retail traders and institutional investors in the U.S. has become more connected with the political landscape in recent years.</p>   
<p>Over 50 million American voters are now involved in the <a href="https://coinpedia.org/news/crypto-news-today-oct-22nd-2024-btc-below-67k-eth-aim-for-3k-memecoin-showing-gains/" target="_blank" rel="noreferrer noopener">cryptocurrency market</a>, and this trend is expected to grow. As a result, the next U.S. president may be influenced by their stance on crypto-related policies.</p>   
<h2 class="wp-block-heading" id="h-trump-vs-harris-how-will-the-markets-respond">Trump vs Harris: How Will the Markets Respond? </h2>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/peterschiff/status/1848881765168951761?s=46 
 </div>
</figure>   
<p><a href="https://polymarket.com/elections" target="_blank" rel="noreferrer noopener">Polymarket</a>, a decentralized prediction platform, currently shows a 63% chance of Donald Trump winning the election against Kamala Harris. Tech billionaire Elon Musk believes Trump's odds could rise to 69%, based on his strength in key swing states.</p>   
<p>Crypto traders are betting that Bitcoin could see a bullish breakout if Trump wins, just as seen in past elections. However, some experts urge caution. A well-known Bitcoin critic warns that a Trump victory could turn into a "sell-the-news" event, pushing prices down.</p>   
<p><strong>Gold Continues to Push New Highs </strong></p>   
<p>While Bitcoin draws attention, veteran investor Peter Schiff argues that gold remains the preferred choice for those seeking safety against inflation and economic uncertainty. Gold prices have been rising, recently hitting a new record high of over $2,730 per ounce.</p>   
<h2 class="wp-block-heading" id="h-midterm-targets-for-btc">Midterm Targets for BTC</h2>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/peterlbrandt/status/1848775677614370918?s=46 
 </div>
</figure>   
<p>According to legendary trader Peter Brandt, Bitcoin price is currently trading at a crucial crossroads, which will heavily determine the next phase. From a technical analysis standpoint, Brandt highlighted that <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin price</a> could either drop to $48k next or breakout towards a new all-time high (ATH) soon.</p>   
<p>Meanwhile, institutional investors, including<a href="https://coinpedia.org/news/how-bitcoin-spot-etf-inflows-affect-btc-price-a-deep-dive-into-the-bullish-surge/" target="_blank" rel="noreferrer noopener"> U.S. spot Bitcoin ETF</a> issuers, are preparing for a possible Bitcoin rally. They see parallels between Bitcoin's potential and gold's recent price surge, as well as the broader stock market's resilience.</p>   [post_titles_links postid="370635"]   
<p><strong>Do you see Bitcoin rallying or retreating in this election cycle? We'd love to hear your take.</strong></p>

Ready for the ‘Trump Dump’? Expert Warns of Bitcoin Crash if Trump Wins 2024 Election

Table of Contents

CoinPedia News

Other articles published on Oct 23, 2024

Bitcoin Exchange Binance Announces It Will Support This Altcoin's Network Upgrade and Hard Fork!

Tether CEO Advocates for Balanced Crypto Regulations to Protect Users and Foster Innovation

Crypto Influencer “Bitmama” Arrested! $22 Million Scam Exposed

Why social engineering is still the top cybersecurity threat – and what to do about it by Anna Co...

Hold Tight! These 5 Cryptos Can Turn Your Spare Change Into a $1M Portfolio by 2026

Bitcoin’s Imminent ‘Golden Cross’ Signals Bullish Momentum

Join our free newsletter for daily crypto updates!