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<p>A crypto analyst from Altcoin Daily explored how the upcoming US presidential election could impact Bitcoin’s price.</p>
<p>According to the analyst, historically, market performance does not strongly correlate with the winning party. Looking at the long-term <a href="https://www.investopedia.com/terms/s/sp500.asp" target="_blank" rel="noopener noreferrer nofollow">S&amp;P 500</a> chart since 1933, markets generally trend up regardless of who wins.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/pattern-that-triggered-bitcoins-last-140-rally-reemerges-btc-price-spikes/" target="_blank" rel="noopener noreferrer nofollow">Pattern That Triggered Bitcoin’s Last 140% Rally Reemerges: BTC Price Spikes</a></em></strong></p>
<p>Current prediction markets show a Trump victory is increasingly priced in. Billionaire Chamath Palihapitiya argues the economy favors Trump based on how financial players are positioning.</p>
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<p>A Trump win could initially boost stocks while stoking future inflation concerns, prompting investments in hedges like gold and Bitcoin.</p>
<p>The analyst predicts a short-term spike in equities and crypto if Trump wins. A Harris victory may cause a short-term dip presenting a buying opportunity. Betting odds imply $100 bets on Trump and Harris could yield $162 and $240 respectively.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/onchain-data-shows-how-trader-flips-1700-into-800k-on-this-solana-token/" target="_blank" rel="noopener noreferrer nofollow">Onchain Data Shows How Trader Flips $1,700 into $800k on This Solana Token</a></em></strong></p>
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<p>Standard Chartered forecasts Bitcoin hitting new all-time highs by year-end, placing the price at $125,000 for a Trump win and $75,000 if Harris wins due to her historical crypto skepticism versus Trump’s favorable stance.</p>
<p>Congress’ composition also impacts post-election market conditions. Historically, markets performed best under a Democratic president with a Republican Congress or a divided Congress.</p>
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<p>The post <a href="https://captainaltcoin.com/will-bitcoin-btc-price-surge-or-plummet-after-us-elections/" rel="noopener noreferrer nofollow">Will Bitcoin (BTC) Price Surge or Plummet After US Elections?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Will Bitcoin (BTC) Price Surge or Plummet After US Elections?

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