Bitcoin may reach $ 100,000 after Donald Trump’s victory

The price of the flagship crypto asset BTC $69,618.36 Bitcoin 2.52% Market capitalization $1.38 trillion VOL. 24 hours $2.29 billion may change significantly depending on the outcome of the US presidential election between Donald Trump and Kamala Harris. Analyst Miles Deutscher believes that the victory of one of the candidates could either bring Bitcoin sharply closer to the $ 100,000 target or cause a temporary decline.

According to Deutscher, Trump’s victory could cause an immediate increase in the price of Bitcoin. He predicts that the cryptocurrency could reach a new all-time high of around $ 100,000 by the end of this year.

The analyst attributes this potential growth to Trump’s pro-business views and likely pro-crypto-regulation policies. Under such conditions, investors may see a more favorable climate for Bitcoin and altcoins, which will boost their value.

If Kamala Harris wins the election, Bitcoin may face an «instantaneous drop» in price, which is likely to be accompanied by a slower market recovery. According to the analyst, this could delay the achievement of a new high until the first quarter of 2025. Harris may introduce additional regulatory restrictions that could slow down the growth of Bitcoin’s value in the short term.

Nevertheless, Deutscher is confident in the positive prospects for Bitcoin in the long run. He believes that even under the Harris administration, Bitcoin will be able to reach the $ 100,000 mark, although it will take a little longer.