I predict BTC will go down as low as $30k if Kamala Harris wins the US presidential race. Some would say BTC will rise regardless of whoever wins in November. But this time is different. Especially when the world considers Trump a favorable US president for the crypto industry. His remarks about freeing Ross and firing Gary Gensler are extremely-bullish for BTC. Losing the presidential race (which I seriously doubt) will be a huge letdown for crypto industry proponents. Right now, BTC "pumped" all the way to $68k in anticipation of this year's elections. But the hype could fade away if Kamala miraculously wins.
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.
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.
If Kamala wins, the BTC price will go up in the long term, because the government will start spending more money and the Federal Reserve will have to print more money and inject them into the economy. There might be some short term price drop, but it shouldn't be down to 30K. The price drop would most likely be 55K or 50K. The Biden administration was also kinda anti-crypto, but Bitcoin went to the biggest ATH during the presidency of Joe Biden. Harris probably wouldn't be that different in comparison to Joe Biden. Trump says that he is pro-crypto, but I don't believe him. He would say anything to get more voters.