Bitcoin May End The Year At $79,000, Economist Predicts—But Here's How Different Election Outcomes Could Change That
Portfolio Pulse from Murtuza Merchant
Economist Alex Krüger predicts Bitcoin's price could reach $79,000 by year-end, influenced by the 2024 U.S. presidential election outcome. A Trump win could push Bitcoin to $90,000, while a Harris victory might keep it around $65,000. Krüger emphasizes Bitcoin's correlation with equity markets and the potential impact of a Democratic sweep.
November 01, 2024 | 4:50 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Bitcoin's price is projected to be significantly influenced by the 2024 U.S. presidential election. A Trump win could drive Bitcoin to $90,000 due to expected pro-crypto policies, while a Harris win might keep it around $65,000, reflecting a continuation of current regulations.
Krüger's analysis suggests that Bitcoin's price is highly sensitive to the U.S. election outcome. A Trump victory is expected to lead to pro-crypto policies, boosting Bitcoin's price, while a Harris win would maintain the status quo, keeping Bitcoin's price lower.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100