Bitcoin will rise to $ 100,000 regardless of who becomes the next US president

Cryptocurrency experts predict that the long-term value of bitcoin BTC $65,672.97 Bitcoin -0.28% Market capitalization $1.3 trillion VOL. 24 hours $0.6 billion will remain stable and strong, regardless of the outcome of the US presidential election. According to Stephen Lubka, head of private client services at Swan Bitcoin, the market leader is likely to reach a six-figure value by 2025, regardless of whether Donald Trump or Kamala Harris wins. Lubka emphasizes that BTC’s growth is largely driven by global financial and monetary conditions, not by changes in political leadership in the United States.

James Davis, co-founder of Crypto Valley Exchange, noted that fears about the impact of a potential Harris presidency on bitcoin are exaggerated. Although it may be more difficult for cryptocurrency startups in the US, bitcoin, thanks to its institutionalized status, in particular due to the growing popularity of BTC-ETFs, will be able to thrive in the long run.

The crypto analyst community initially assumed that Trump’s re-election would be the catalyst for the main cryptocurrency’s rapid price increase. Analysts at Bernstein predict that if Trump wins, Bitcoin could rise to about $ 80,000, while Harris' victory could temporarily reduce its value to about $ 40,000. However, Lubka added that short-term fluctuations are possible, but medium-term forecasts do not depend on the outcome of the election.

Daniel Covray, chief strategist at Tonkeeper, noted that this year’s election has brought cryptocurrencies to the center of the debate, which in turn could help create a clearer regulatory framework. Regardless of the outcome of the election, Covray believes that the crypto industry will benefit from stricter regulatory rules in the future.