Republican

Donald Trump

Bitcoin

Felix

Crypto asset manager Bitwise’s head of alpha strategies predicts Bitcoin may rally as high as $92,000 if Donald Trump wins the United States presidency in November.&nbsp;
In an Oct. 22 <a data-ct-non-breakable="null" href="https://x.com/dgt10011/status/1848705737272217968" rel="null" target="null" text="null" title="null">post</a> to X, Jeff Park wrote that charting Bitcoin’s (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="" target="_self" text="null" title="https://cointelegraph.com/bitcoin-price">BTC</a>) price against Trump’s odds on the decentralized betting platform Polymarket and applying some “merger arb-style probability math” showed a high chance of Bitcoin surging following him clinching an election victory.&nbsp;
“I project a Trump victory could push BTC to ~$92,000,” wrote Park.
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 <img alt="Trump election victory could push Bitcoin to $92K, says Bitwise exec" src="https://s3.cointelegraph.com/uploads/2024-10/0192bce8-774d-7855-8fa0-43de196f50be" title="">
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 Source: <a data-ct-non-breakable="null" href="https://x.com/dgt10011/status/1848705737272217968?s=46&amp;t=MuRujqZUAz3TQE1vmr3c6A" rel="null" target="null" text="null" title="https://x.com/dgt10011/status/1848705737272217968?s=46&amp;t=MuRujqZUAz3TQE1vmr3c6A">Jeff Park</a>
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Park’s bullish price prediction for Bitcoin joins a growing roster of pundits and analysts expecting a Trump victory to send the price of crypto assets soaring.&nbsp;
Bitcoin millionaire Erik Finman <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-election-win-bitcoin-100k-altcoins" rel="null" target="null" text="null" title="null">told Cointelegraph</a> a Trump election win could see Bitcoin rally as high as $100,000.&nbsp;&nbsp;
“His policies will ignite the crypto market, fueling massive growth across the board.”
Crypto has never been so closely tied to the outcome of a single political event. Republican candidate Donald Trump has made pro-crypto policy a cornerstone of his 2024 election campaign.&nbsp;
In a bid to win over single-issue crypto voters, Trump has <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/crypto-voters-are-already-affecting-the-2024-presidential-election/" rel="null" target="null" text="null" title="null">promised to turn the US</a> into the “crypto capital of the world” <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/donald-trump-pledges-fire-sec-chair-gary-gensler" rel="null" target="null" text="null" title="null">and said he would fire</a> Securities and Exchange Commission Chair Gary Gensler on “day one” of his presidency.&nbsp;
Still, not everyone is convinced that a Trump victory would be a long-term win for crypto markets.&nbsp;
Billionaire investor and entrepreneur Mark Cuban — who has come out in support of Kamala Harris — told Cointelegraph that if Trump wins, the crypto markets will likely “pump for a few weeks” before descending again.&nbsp;
He said several of Trump’s proposed economic policies — including his controversial import tariffs — are highly inflationary and could <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-crypto-inflation-policies-regulation" rel="null" target="null" text="null" title="null">hinder Bitcoin’s price action</a> over a longer period.&nbsp;
Harris currently leads Trump by 1.8% in the national polls, according to <a data-ct-non-breakable="null" href="https://projects.fivethirtyeight.com/polls/president-general/2024/national/" rel="null" target="null" text="null" title="null">data</a> from 538 polls.&nbsp;
<figure>
 <img alt="Trump election victory could push Bitcoin to $92K, says Bitwise exec" src="https://s3.cointelegraph.com/uploads/2024-10/0192bce8-fc94-780e-bd18-0d4382c9c95f" title="">
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 Kamala Harris maintains a slight lead over Trump in the national polls. Source: 538
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The story is different on betting markets, with Trump currently holding an 18.8% lead over Harris on <a data-ct-non-breakable="null" href="https://polymarket.com/elections" rel="null" target="null" text="null" title="null">Polymarket</a>.&nbsp;
X Hall of Flame: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoin-price-all-time-highs-donald-trump-election-sec-gary-gensler-felix-hartmann-hall-of-flame/" rel="null" target="null" text="null" title="null">Bitcoin will ‘start ripping’ as Trump’s polls improve — Felix Hartmann&nbsp;</a>

Trump election victory could push Bitcoin to $92K, says Bitwise exec

Cointelegraph

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