Post
Topic
Board Speculation
Re: BTC will go back to $30k if Kamala wins
by
NeuroticFish
on 30/10/2024, 19:34:27 UTC
I predict BTC will go down as low as $30k if Kamala Harris wins

Unless you want to scare the sh*t off the average American voter Grin, this is an awful prediction from somebody whose account is almost 10 years old on this forum.
I'm pretty sure you know how the price has been moving historically.
I'm pretty sure you know that the price has very good chances to go parabolic again, no matter who is winning.
And I'm pretty sure you also know that whoever becomes POTUS, he/she will have little effect on Bitcoin; it's the Congress that has power on that matter.

The whole Trump hype is hilariously naive I think.

Well, naive people do vote, so... Wink

In addition, Bitcoin's future is not in the US. The past and the present maybe are, but the US has also one of the highest rates of market saturation (~20% crypto owners vs. < 5% in the rest of the world, with some exceptions like Argentina and El Salvador) already.

I think you are not right in this. American businesses "just started" seeing Bitcoin as a good investment (yes, let's allow them some inertia, plus they will actually buy ETF, but still...)
Quite a big part of the rest of the world is copying America, so if America starts signaling the wrong direction... there may be a problem. (PS. America is not POTUS).