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Crypto asset manager Bitwise’s head of alpha strategies, Jeff Park, has predicted a potential Bitcoin rally to $92,000 if Donald Trump secures the U.S. presidency in November. In a recent post on X, Park revealed that by analyzing Bitcoin’s price movements against Trump’s odds on Polymarket, he calculated a strong probability that a Trump victory could trigger a major surge in the price of Bitcoin.
Park noted that this prediction follows “merger arb-style probability math,” further suggesting that Trump’s policies could create favorable conditions for the cryptocurrency market.
Other crypto figures have echoed Park’s bullish sentiment. Bitcoin millionaire Erik Finman predicted an even more optimistic outcome, stating that a Trump victory could push Bitcoin to $100,000. Finman believes that Trump’s proposed policies will ignite rapid growth in the crypto sector, sparking a market-wide rally. This reflects a broader expectation that Trump’s pro-crypto stance may lead to unprecedented highs for Bitcoin and other digital assets.
Trump’s Crypto Promises
Donald Trump has made his pro-crypto stance a central component of his 2024 election campaign, aiming to attract single-issue crypto voters. He has pledged to transform the U.S. into the “crypto capital of the world” and has stated that he would fire SEC Chair Gary Gensler on the first day of his presidency, a move that many in the crypto community would welcome.
The former president’s promises have made the 2024 election one of the most closely watched events by crypto traders, with many expecting that a Trump win would deliver a short-term boost to Bitcoin’s price.
However, not all experts are convinced this surge would be sustained. Billionaire investor Mark Cuban, who has publicly endorsed Kamala Harris, warned that while Trump’s victory might initially pump crypto markets, his broader economic policies could pose risks in the longer term. Cuban pointed to Trump’s controversial import tariffs, which could fuel inflation and negatively impact Bitcoin’s performance in the months following the election.
Betting Markets Show Favor for Trump
While Harris leads Trump by a slim margin of 1.8% in national polls, Trump’s odds on Polymarket tell a different story.
The betting platform currently shows Trump with an 18.8% lead, further fueling speculation that his potential victory could be a game-changer for crypto markets. However, whether this predicted surge materializes remains to be seen.
The post Bitcoin Could Hit $92K if Trump Wins Election, Predicts Bitwise Analyst appeared first on TheCoinrise.com.