BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Bitcoin Could Surge to $92K if Trump Wins 2024 Presidential Election: Here is Why

by Matoy
October 24, 2024
in Breaking News, Crypto, Opinion, Politics
A A
1
SHARES
Share on TwitterShare on Reddit
  • Bitwise strategist Jeff Park predicts Bitcoin could hit $92,000 if Trump wins the presidency.
  • Trump’s pro-crypto campaign promises have fueled bullish sentiment among crypto analysts and investors.
  • Some experts caution that long-term effects of Trump’s policies could hurt Bitcoin despite initial gains.

A prominent crypto analyst has predicted that Bitcoin could skyrocket to $92,000 if Donald Trump secures a win in the upcoming U.S. presidential election. Jeff Park, head of alpha strategies at Bitwise, made the projection on October 22, linking Bitcoin’s price movement to Trump’s chances of victory, as reflected on decentralized betting platform Polymarket. By using probability analysis, Park foresees a major surge in Bitcoin’s price following a potential Trump win.

Source: Jeff Park on X

Bitcoin’s Price Tied to Trump’s Crypto Stance

Park’s bullish prediction is not an isolated case. Bitcoin millionaire Erik Finman has similarly suggested that Trump’s policies could push Bitcoin as high as $100,000. Trump’s 2024 campaign has heavily leaned into pro-crypto rhetoric, with promises to fire SEC Chair Gary Gensler and transform the U.S. into a global hub for cryptocurrency. These pledges have boosted optimism within the crypto community, where many see a Trump victory as a catalyst for significant market growth.

However, not everyone shares this enthusiasm. Billionaire investor Mark Cuban has warned that while Bitcoin may see an initial spike following a Trump win, the long-term consequences could be less favorable. Cuban believes that some of Trump’s proposed economic policies, including import tariffs, could lead to inflation, ultimately weakening Bitcoin’s price in the future.

Mixed Reactions to Potential Crypto Growth

While Trump currently trails Vice President Kamala Harris by a small margin in national polls, his lead in betting markets is much larger, with an 18.8% advantage on Polymarket. Despite the divergent views on Trump’s potential impact on Bitcoin, it’s clear that his candidacy has sparked considerable interest within the cryptocurrency space, where political developments are increasingly influencing market dynamics.

Tags: BitcoinTrump
TweetShareShare

DON'T MISS THESE! HOT OFF THE PRESS

Chainlink Hits Pivotal Level as Whales Start Scooping Up LINK
Chainlink

Chainlink Hits Pivotal Level as Whales Start Scooping Up LINK

May 31, 2025
Fartcoin Tanks 13% But Accumulation Signals Might Hint at a Surprise Rebound
Crypto

Fartcoin Tanks 13% But Accumulation Signals Might Hint at a Surprise Rebound

May 31, 2025
Avalanche’s Road to $100: Ambitious or Achievable?
Crypto

Avalanche’s Road to $100: Ambitious or Achievable?

May 31, 2025
Meme Coin Bloodbath: PEPE, BONK, and Others Take a Nosedive
Bitcoin

Meme Coin Bloodbath: PEPE, BONK, and Others Take a Nosedive

May 31, 2025
SUI Dips but Trading Volume Pops — What’s Going On?
Crypto

SUI Dips but Trading Volume Pops — What’s Going On?

May 31, 2025
ADA Derivatives Spike as Traders Eye Next Move
Cardano

ADA Derivatives Spike as Traders Eye Next Move

May 31, 2025
Load More

Related News

Chainlink Hits Pivotal Level as Whales Start Scooping Up LINK

Chainlink Hits Pivotal Level as Whales Start Scooping Up LINK

May 31, 2025
Fartcoin Tanks 13% But Accumulation Signals Might Hint at a Surprise Rebound

Fartcoin Tanks 13% But Accumulation Signals Might Hint at a Surprise Rebound

May 31, 2025
Avalanche’s Road to $100: Ambitious or Achievable?

Avalanche’s Road to $100: Ambitious or Achievable?

May 31, 2025
Meme Coin Bloodbath: PEPE, BONK, and Others Take a Nosedive

Meme Coin Bloodbath: PEPE, BONK, and Others Take a Nosedive

May 31, 2025
SUI Dips but Trading Volume Pops — What’s Going On?

SUI Dips but Trading Volume Pops — What’s Going On?

May 31, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.