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Opinion: Bitcoin will rise to $80,000 regardless of whether Trump or Harris wins

Opinion: Bitcoin will rise to $80,000 regardless of whether Trump or Harris wins

Cointime2024/10/23 07:09
By: Cointime
BTC-0.52%

despite the general belief that Trump's victory is more beneficial to Bitcoin, analysts say that Bitcoin is expected to break historical highs regardless of the outcome of the US election. Recently, the encrypted options market shows that the bullish options for Bitcoin from mid-November to the end of the month are concentrated at the level of 75,000 to 80,000 US dollars.

Analysts pointed out that macroeconomic factors, such as the expectation of a Fed rate cut and a rise in the stock market, also support the possibility of Bitcoin hitting 80,000 US dollars before the end of the year.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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