Quote from: Nwada001 on October 28, 2024, 07:18:49 PM

Quote from: Abiky on October 28, 2024, 06:58:42 PM

What do you think will happen with Bitcoin's price after the US elections? Will either candidate's win have a direct effect over Bitcoin's market price? Your input will be greatly appreciated. Thank you very much.

Kamala might not be bad news to crypto the way we predict it to be; there might be some price drop as a result of the disappointment if the aspirants who parade his campaign with what he wants to do crypto (Trump) don't win the presidential seat.

But anyway, it's all speculation; we never can be too sure of what will happen. Even with Trump winning after pumping the price, it can still take a reverse, but what I don't see happen irrespective of who wins the election is bitcoin dropping to $30,000 or below that.

I expected the price of Bitcoin to drop to about $50k if Israel attacked Iran. My prediction was backed by the belief a retaliatory strike will affect the oil and gas sector and increase investors FUD. But I was wrong, the price of Bitcoin dropped slightly and has recovered.

I don't think the outcome of the US elections can bring down the price to as low as $30k. A win for Republicans will cause a quick rise in price. If Harris wins the price will drop slightly but it will always recover. Regardless of who wins the election, Bitcoin will surely hit $100k. After all, Harris didn't say that her government would ban Bitcoin in the US.