VanEck: bitcoin will reach $ 100,000 if Donald Trump becomes US president

According to analysts at VanEck, the bitcoin exchange rate may reach a new high in 2024. According to the experts, the main condition for such growth is the election of Donald Trump as the US president.

Matthew Siegel, Head of Digital Asset Research at VanEck, and Patrick Bush, Senior Investment Analyst for Digital Assets, suggested that the notorious Republican Party leader Donald Trump will regain the presidency with 290 electoral college votes.

Siegel and Bush believe that the Republican victory in the White House will raise the optimistic mood of traders, as the US Securities and Exchange Commission (SEC) will no longer be so hostile to the regulation of cryptocurrencies, as the composition of the agency will change.

Recently, former SEC Commissioner John Reed Stark made a similar assumption: if Trump is elected president, the new SEC chairman appointed by the Republicans will stop prosecuting crypto companies. Analysts noted that the upcoming halving will also affect bitcoin’s bullish rally.

The HTS breakout in November 2020 occurred exactly three years after its peak in November 2017. Experts predict that in 2024, bitcoin may reach $ 100,000, and if this happens, Time Magazine will award Bitcoin creator Сатоші Накамото" href="https://noworries.news/biography/satoshi-nakamoto/" data-bio-id="4232">Satoshi Nakamoto the title of «Person of the Year.» However, this is only the expectation of VanEck analysts.

As for the prospects of other tokens, VanEck analysts predicted the growth of the Solana cryptocurrency, which will surpass Ethereum. The Solana blockchain is positioning itself as a faster and more cost-effective option to Ethereum. However, ETH remains the leading choice for NFT markets and decentralized financial applications. This may change significantly next year, as asset management company VanEck has predicted that Solana will be among the top three blockchain networks by market capitalization.