Donald Trump

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President Donald Trump

<p>The post <a href="https://coinpedia.org/news/bitcoin-price-could-reach-100000-if-trump-wins-election-report/" rel="noopener noreferrer nofollow">Bitcoin Price Could Reach $100,000 if Trump Wins Election: Report</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>As the United States election comes near, Bitcoin price prediction by experts gaining significant attention from the crypto community. On August 25, 2024, a <a href="https://x.com/misterrcrypto/status/1827425141586063423" target="_blank" rel="noopener noreferrer nofollow">crypto expert</a> made a post on X (preciously Twitter) stating that if former President Donald Trump wins this election, Bitcoin will easily go to the $100,000 level.</p>
<h2 class="wp-block-heading" id="h-bitcoin-price-could-reach-100-000-level"><strong>Bitcoin Price Could Reach $100,000 Level</strong></h2>
<p>In addition to this, Skybridge Capital’s Anthony Scaramucci said during an interview, “I do think Bitcoin gets to $100,000. It’s just taking longer. There’s been just more regulatory hurdles, more uncertainty.”</p>
<p>Currently, in the Polymarket, the world’s largest prediction market, 51% of Americans believe that Donald Trump will win the election, while only 47% believe that VP Kamala Harris win. However, pro-crypto and independent presidential candidate Robert F. Kennedy Jr. recently withdrew his candidacy and showed his support for Trump.&nbsp;</p>
<h3 class="wp-block-heading" id="h-trump-s-impact-on-crypto"><strong>Trump’s Impact on Crypto</strong></h3>
<p>This indicates Americans are leaning towards electing a crypto-friendly president this time. Additionally, the crypto community has praised Trump’s recent promise to remove Gary Gensler from his position as chair of the Security and Exchange Commission (SEC).</p>
<p>Based on the nature of Trump toward crypto and Blockchain, if he wins we may see more positive and crypto-friendly policies in favor of the cryptocurrency landscape. In addition to this, the Fed Chair’s potential rate cut announcement also turned the sentiment bullish.&nbsp;</p>
<h2 class="wp-block-heading" id="h-bitcoin-price-prediction-nbsp"><strong>Bitcoin Price Prediction&nbsp;</strong></h2>
<p>Currently, <a href="https://coinpedia.org/news/bitcoin-price-prediction-bullish-pattern-targets-80k-but-bearish-clouds-hover/" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) is trading near $64,250 and has experienced a price surge of over 1% in the last 24 hours. Meanwhile, its trading volume has dropped by 31% during the same period, indicating lower participation from traders.&nbsp;</p>
<p>As of now, experts suggest a bullish outlook for Bitcoin, with a high possibility that BTC could reach $68,000 or $71,000 level based on price action and technical analysis. However, the $100,000 level is considered less likely.</p>

Bitcoin Price Could Reach $100,000 if Trump Wins Election: Report

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