BTCUSDT: +1.40%
Experts in cryptocurrency markets predict that Bitcoin is poised to surge past $100,000 by 2025, regardless of whether Donald Trump or Kamala Harris wins the U.S. presidential election in 2024. Global fiscal and monetary trends, rather than political leadership in the U.S., are expected to fuel this growth.
Steven Lubka, head of private clients at Swan Bitcoin, stated that while U.S. political changes may lead to short-term fluctuations, Bitcoin’s broader trajectory remains strong due to global factors. He noted, “Bitcoin’s path to six figures is driven by macroeconomic trends, not political leadership.”
James Davies, co-founder of Crypto Valley Exchange, explained that concerns about a Harris presidency stifling Bitcoin are overblown. While U.S.-based crypto companies might face some regulatory hurdles, the rise of Bitcoin ETFs and the cryptocurrency’s global adoption will ensure its long-term success.
Even though some analysts predict that a Trump re-election might push Bitcoin to $80,000 and a Harris win could lead to a temporary dip near $40,000, most experts agree that Bitcoin will remain resilient, and any election-driven dips will be short-lived. Lubka noted that Bitcoin has historically thrived even in politically challenging environments.
“Bitcoin is not swayed by partisan politics. Its institutional adoption, especially with Bitcoin ETFs, will anchor its future performance,” said Davies. The article highlighted that Bitcoin’s long-term value is more closely linked to global monetary trends than the U.S. political landscape.
With Vice President Harris yet to disclose her views on cryptocurrency, some investors fear potential aggressive regulations similar to those pushed by Senator Elizabeth Warren. However, industry leaders like Daniel Cawrey, chief strategy officer at Tonkeeper, believe that regardless of the 2024 election results, the growing attention on crypto will likely pave the way for more defined regulatory frameworks, ultimately benefiting the industry.
Bitcoin’s track record demonstrates its ability to endure despite regulatory and political challenges, suggesting that its next major milestone is likely well within reach, no matter who sits in the Oval Office.
