Quote from: Abiky on October 31, 2024, 02:38:32 PM

Yes. I'm aware of that. But like I've said, this time it's different. Especially when Trump has been frequently labeled as the "pro-crypto President". No other candidates before him has even mentioned or expressed their support of Bitcoin and the whole crypto industry (as far as I'm aware). Therefore, a Trump loss would mean a huge loss for the crypto industry in the US. At least, that's how the world will see it.

I'd say Bitcoin declining to $30k after a Kamala win is a high possibility. It will only be for a short period of time. If you're one of those who missed buying BTC cheaply, this would be the perfect opportunity to grow your stack of coins before the big "pump". It might never go back to such prices again. Whatever happens, rest assured Bitcoin won't be going anywhere soon. Cheesy

Normally elections don't affect bitcoin if no one mentions bitcoin, but unfortunately this time we have a candidate who openly supports bitcoin. So I agree with you that the election results will affect prices in the short term. But honestly, I don't think Bitcoin can drop to $30k if Trump loses, there will be panic and sell off in the market but things won't be that bad.

If I remember correctly, Bernstein Financial had a similar prediction as you, but back then bitcoin was trading at $56k, while now bitcoin is trading at over $70k. I think you are deliberately exaggerating the situation to show support for Trump instead of making a fair prediction.

https://finance.yahoo.com/news/bernstein-bitcoin-could-test-30k-064420005.html