Bitcoin (BTC) Price Prediction as US Election Nears, Experts See a Bullish Outlook

As the United States election comes near, Bitcoin price prediction by experts gaining significant attention from the crypto community.

As the United States presidential election nears, Bitcoin price predictions by experts are garnering significant attention within the crypto community. On August 25, 2024, a crypto expert posted on X (formerly Twitter) that if former President Donald Trump wins the election, Bitcoin will easily reach the $100,000 level.

Moreover, during an interview, Skybridge Capital’s Anthony Scaramucci stated, “I do think Bitcoin gets to $100,000. It’s just taking longer. There’s been just more regulatory hurdles, more uncertainty.”

Currently, on the world’s largest prediction market, Polymarket, 51% of Americans believe that Donald Trump will win the election, while only 47% believe that Vice President Kamala Harris will win.

However, pro-crypto and independent presidential candidate Robert F. Kennedy Jr. recently withdrew his candidacy and announced his support for Trump.

This suggests that Americans are leaning towards electing a crypto-friendly president this time. Furthermore, Trump's recent promise to remove Gary Gensler from his position as председатель of the Security and Exchange Commission (SEC) has been lauded by the crypto community.

Based on Trump's stance on crypto and Blockchain, if he wins, we may see more positive and crypto-friendly policies being implemented in the cryptocurrency landscape.

Additionally, the Fed Chair’s potential announcement regarding a rate cut has also turned the sentiment bullish.

Bitcoin Price Prediction

Currently, Bitcoin (BTC) is trading at around $64,250, showing a price increase of over 1% in the last 24 hours. In the meantime, its trading volume has decreased by 31% during the same period, indicating lower participation from traders.

As of now, experts suggest a bullish outlook for Bitcoin, with a high possibility that BTC could reach the $68,000 or $71,000 level based on price action and technical analysis. However, the $100,000 level is considered less likely.

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