Donald Trump

Kamala Harris

Elon Musk

<p>Financial expert and author of the best-selling book ‘Rich Dad Poor Dad,’ Robert Kiyosaki has made a bold prediction on the potential increases in <a href="https://www.thecoinrepublic.com/price-prediction/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>, gold, and silver should Donald Trump return to the White House.</p>
<p>These are some of the assertions made by Kiyosaki based on his opinion that Trump’s economic policies will greatly affect the economy and favor these asset classes.</p>
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   <p lang="en" dir="ltr">Why GOLD, SILVER, BITCOIN will rise in price when TRUMP becomes President again. <br><br>Trump wants a weaker dollar so America will begin export more than import. With a weaker dollar jobs will come back and assets will go up in price. <br><br>Trump is going to drill, drill, drill for oil…</p>— Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1815607168940617813?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 23, 2024</a>
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<p>According to Kiyosaki, Trump’s plan to depreciate the US dollar will be a tactical approach to strengthening domestic exports and revitalizing American businesses. In the view of Kiyosaki, a weaker dollar will enhance exports of the US goods hence provide employment in the economy and fostering economic development.</p>
<p>This economic activity would, in turn, increase the prices of gold, silver, and Bitcoin, as these assets are considered as safe-havens against currency depreciation and inflation.</p>
<h2 class="wp-block-heading" id="h-energy-policy-and-inflation-concerns"><strong>Energy Policy and Inflation Concerns</strong></h2>
<p>Besides currencies, Kiyosaki identifies Trump’s plans to boost the domestic oil production as another factor that influences his economic prediction. The “drill, drill, drill” policy of the Trump administration focuses on increasing the supply of oil to decrease its price, which according to Kiyosaki will assist fight inflation.</p>
<p>He then contrasts this with President Biden’s decision to cancel the Keystone XL pipeline, which he alleges caused oil prices to rise from $30 to $130 per barrel, causing inflation which hurt the poor and middle class.</p>
<p>Concurrently, Kiyosaki is unhappy with Biden’s energy policies and accuses the latter of raising oil prices and dependence on oil stocks. He laments that Biden has had to turn to America’s strategic Petroleum reserve as a policy failure, blaming the high costs of energy.</p>
<h2 class="wp-block-heading" id="h-bitcoin-and-the-trump-trade"><strong>Bitcoin and the Trump Trade</strong></h2>
<p>Kiyosaki’s predictions for Bitcoin are particularly notable. Based on the economic environment and market sentiment during the possibility of Trump becoming the president, he predicts that Bitcoin will hit $105k by August 2025.</p>
<p>Market analysts support this view arguing that Bitcoin will be boosted by the “Trump trade” in the run up to the November elections. Consequently, the market anticipates a Trump win which is may benefit energy, banking, and cryptocurrency industries.</p>
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   <p lang="en" dir="ltr">Confidence in the crypto market has skyrocketed after a botched assassination attempt on Trump, hinting at a Republican victory in November 2024. <br><br>With Trump's Bitcoin Convention speech on the horizon and Biden backing Kamala Harris, market sentiment is buzzing. <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> is… <a href="https://t.co/WEio6dxpaI" rel="noopener noreferrer nofollow">pic.twitter.com/WEio6dxpaI</a></p>— Kyledoops (@kyledoops) <a href="https://twitter.com/kyledoops/status/1815691785479327988?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 23, 2024</a>
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<p>As per the analysts, the recent political events such as Trump’s assassination attempt, Biden quitting the presidential race, and endorsing Kamala Harris have boosted Trump’s chances of winning. They posit that this enhances the chances of having a government favourable to crypto, thus boosting the chances of Bitcoin.</p>
<h2 class="wp-block-heading" id="h-broader-implications-for-the-crypto-market"><strong>Broader Implications for the Crypto Market</strong></h2>
<p>Another factor that could lead to the adoption of a positive position by a future Trump administration is the presidential candidate’s apparent interest. According to reports, Trump in the further development of the cryptocurrency industry through the relaxation of the regulatory framework.</p>
<p>Furthermore, the selection of JD Vance, who is a Bitcoin investor, as Trump’s VP candidate has raised questions about the possible adoption of Bitcoin in the US financial system.</p>
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   <p lang="en" dir="ltr">JUST IN: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> CNBC discusses the possibility of the US Government holding <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> as a reserve asset. <br><br>“It is possible. The Justice Department holds about 200,000 Bitcoin” <a href="https://t.co/4z56yFMClu" rel="noopener noreferrer nofollow">pic.twitter.com/4z56yFMClu</a></p>— Bitcoin Archive (@BTC_Archive) <a href="https://twitter.com/BTC_Archive/status/1815445795438473358?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 22, 2024</a>
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<p>There is also debate on the current US gov’t Bitcoin stash, and Bryan Courchesne, an asset manager proposed that the Department of Justice’s large sum might transfer to the Treasury.</p>
<p>This could place Bitcoin into the strategic reserve category of assets meaning in line with Trump’s economic ideas.</p>
<p>Moreover, this could increase the acceptance of the Bitcoin as a global reserve currency. However, the US gov’t has recently sold off some of its Bitcoins, disposing of 58 BTC which is equivalent to $4 million.</p>
<h2 class="wp-block-heading" id="h-bitcoin-market-reactions-and-investor-sentiment"><strong>Bitcoin Market Reactions and Investor Sentiment</strong></h2>
<p>Some recent events that have influenced Bitcoin’s movements include the large holdings by the now-defunct exchange Mt. Gox. With BTC’s price oscillating at $66K, the movement of large sums to exchanges like Bitstamp has sparked discussions regarding sell-off pressures, which in turn have impacted market mood.</p>
<p>Nevertheless, the long-term perspective is still positive for Bitcoin investors who expect changes in policies due to the upcoming elections. Businessman Mark Cuban and others have pointed out that inflation and conflicts can lead to mass adoption of Bitcoin as a hedge, cementing its status as a safe-haven asset even more.&nbsp;</p>
<p>Moreover, Elon Musk has also warned about the potential for the US dollar to crash and even noted that US may be on the brink of bankruptcy. Consequently, this provides more reasoning for the use of Bitcoin as a form of protection against such issues.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2024/07/24/bitcoin-price-to-hit-105k-by-2025-if-trump-wins-analyst-predicts/" rel="noopener noreferrer nofollow">Bitcoin Price to Hit $105K by 2025 if Trump Wins, Analyst Predicts</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Bitcoin Price to Hit $105K by 2025 if Trump Wins, Analyst Predicts

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