Everyone is talking about $100k and we haven't reached it yet, breaking a new ATH may be close, but if what happens after that is a politically motivated price drop, we may not see $100k in the current market period.
I think your idea will annoy investors, because the price of Bitcoin has nothing to do with political factors. You notice that during the bull market in the past there was no political issue when the price of Bitcoin increased. Of course we can cross $100K and reach $150K, it's just a matter of time. Because I am in the pre bull market or the first step which is October, because you will not be disappointed there are still 2 months left in 2024.
So you look at the year 2020-2021 that was also the wrong run period and had a huge impact going into the next year. So accordingly we can definitely target the year 2025. Bitcoin price is most likely to touch $150k to $170k in 2025.
Bitcoin expert Michael Saylor also declared that Trump is a good candidate for Bitcoin development. If Trump wins, the value of Bitcoin will definitely increase relatively. Trump is a 90% good candidate for a positive movement in Bitcoin, and a Kamala Harris win could lead to a negative movement in Bitcoin.
Yes we will definitely see Bitcoin price go higher in 2025, as there is a strong possibility of a strong bull run next year, where we can see Bitcoin price even cross $150K. However, if Trump wins the election, the price of Bitcoin will increase more positively.
Michael Saylor's owned MicroStrategy plans to raise $42B over the next 3 years to buy more Bitcoins. I think they might be planning their fund formation based on the US election forecast. However, many critics are predicting a massive fall in the value of cryptocurrency if Kamala Harris becomes president.
Price Discussions or Assumptions However as investors we should be more focused on Bitcoin accumulation as Bitcoin price is likely to reach $150-$220 in 2025 and with that target we should tend to accumulate Bitcoins in the DCA method.
source: coindesk.com