United

Donald Trump

Bitcoin

There will be a new president in the White House this week, and the victor will have a huge impact on the crypto landscape in the United States over the next few years. 
<blockquote>
 “Regardless of who wins, we should see elevated volatility in the coming days,” commented the Kobeissi Letter.
</blockquote> 
Meanwhile, industry experts and analysts have been airing their thoughts over the weekend. 
<h2 id="up-or-down-after-election">Up or Down After Election?</h2> 
Capriole Fund founder Charles Edwards <a href="https://x.com/caprioleio/status/1853068966492778614" target="_blank" rel="noopener" data-wpel-link="external">opined</a> that he didn’t think there would be much of a dip if Kamala Harris wins. 
“There would be an initial shock, unwind of Trump trades, volume trades, and a nuke within our current range,” he said before adding that there have been 8 months of consolidation, bullish ETFs, and a lot of selling pressure. 
<blockquote>
 “Market is currently pricing in compression of odds into election day. After a post-election leverage unwind, who will be selling?”
</blockquote> 
Meanwhile, analyst Miles Deutscher <a href="https://x.com/milesdeutscher/status/1853025717421773243" target="_blank" rel="noopener" data-wpel-link="external">said</a> that it “feels like the market is scared of a Kamala win and is de-risking ahead of the election.”&nbsp;He added that markets hate uncertainty, and a 50/50 race is the definition of that word. 
<blockquote>
 “If Trump wins, I think this de-risk increases the bull case and conversely subdues the bear case (Kamala).”
</blockquote> 
Daan Crypto Trades <a href="https://x.com/daancrypto/status/1853180852689313900" target="_blank" rel="noopener" data-wpel-link="external">told</a> his 390,000 X followers on Nov. 4 that there is a “good probability” that BTC prices will see “at least a 10% move to either direction depending on who ends up winning the election this week.”&nbsp;This could result in a dump below $60,000 or a surge to a new all-time high. 
Bitcoin pioneer Anthony Pompliano held a poll with the majority of the 16,000 voters thinking Donald Trump will win. However, the results are skewed due to the majority of his followers being into crypto. 
<a href="https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-04-090900.png" data-wpel-link="internal"><img class="aligncenter size-full wp-image-368933" src="https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-04-090900.png" alt="" width="1174" height="662" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-04-090900.png 1174w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-04-090900-300x169.png 300w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-04-090900-1024x577.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-04-090900-768x433.png 768w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-04-090900-50x28.png 50w" sizes="(max-width: 1174px) 100vw, 1174px"></a> 
Investor and tech entrepreneur Mike Alfred <a href="https://x.com/mikealfred/status/1852824999599771923" target="_blank" rel="noopener" data-wpel-link="external">observed</a> that in every previous cycle, <a href="https://cryptopotato.com/is-this-why-bitcoins-price-lost-4k-in-2-days/" data-wpel-link="internal">Bitcoin</a> has made a low price the week of the US election that has <a href="https://cryptopotato.com/is-this-the-last-week-bitcoin-btc-will-ever-be-below-70k/" data-wpel-link="internal">never been revisited</a> again. 
<blockquote>
 “This week will literally be the last time you can ever buy Bitcoin below $70,000.”
</blockquote> 
<h2 id="trump-leads-at-the-polls">Trump Leads at The Polls</h2> 
The latest <a href="https://cryptopotato.com/polymarket-election-betting-rife-with-wash-trading-report/" data-wpel-link="internal">Polymarket</a> poll has Trump leading in four of the six key swing states which could influence the final outcome of the election. 
Overall, the blockchain betting platform has Trump leading with a 54.8% chance, while Harris has 45.1% for the national polls. 
<blockquote class="twitter-tweet"> 
 Latest Swing State Odds (% chance of winning) 
 Arizona • Trump 76% – Harris 24% Georgia • Trump 64% – Harris 36% Nevada • Trump 59% – Harris 41% Pennsylvania • Trump 54% – Harris 46% Wisconsin • Harris 58% – Trump 42% Michigan • Harris 59% – Trump 41% <a href="https://t.co/ol96h8NMAP" data-wpel-link="external" target="_blank">pic.twitter.com/ol96h8NMAP</a> 
 — Polymarket (@Polymarket) <a href="https://twitter.com/Polymarket/status/1853254206146195879?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">November 4, 2024</a>
</blockquote> 
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The post <a href="https://cryptopotato.com/which-way-will-bitcoin-go-in-election-week-experts-weigh-in/" rel="nofollow">Which Way Will Bitcoin Go in Election Week? Experts Weigh In&nbsp;</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Which Way Will Bitcoin Go in Election Week? Experts Weigh In

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