Donald Trump Victory Could Propel Bitcoin To $92,000, Predicts Bitwise's Head Of Strategy
Portfolio Pulse from Khyathi Dalal
Jeff Park from Bitwise predicts Bitcoin could reach $92,000 if Donald Trump wins the election, using a probability model linking Bitcoin's price to Trump's election odds. This aligns with Bitwise CIO Matt Hougan's bullish outlook, citing factors like Bitcoin's halving and institutional interest.
October 23, 2024 | 9:50 pm
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Jeff Park from Bitwise predicts Bitcoin could reach $92,000 if Donald Trump wins the election, using a probability model linking Bitcoin's price to Trump's election odds. This aligns with Bitwise CIO Matt Hougan's bullish outlook, citing factors like Bitcoin's halving and institutional interest.
The prediction of Bitcoin reaching $92,000 is based on a model linking its price to Trump's election odds. This is significant as it aligns with other bullish forecasts and factors like Bitcoin's halving and institutional interest, suggesting a potential price increase.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100