Trump win could drive Bitcoin to $100K amid pro-crypto policies
The 2024 U.S. presidential election has become closely tied to the cryptocurrency market, with industry insiders eyeing a potential Donald Trump victory as a catalyst for a major crypto surge.
Analysts and traders argue that Trump’s pro-crypto stance could push Bitcoin (CRYPTO:BTC) toward the $100,000 mark while propelling altcoins even further.
According to prediction markets like Polymarket, Trump’s win probability has risen to 60%, raising hopes among some crypto advocates.
Teen Bitcoin millionaire Erik Finman expressed optimism, stating, “His policies will ignite the crypto market, fueling massive growth across the board.”
Trump’s promise to replace U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler is seen as a game-changing move by crypto proponents.
Experts suggest that appointing a crypto-friendly SEC leader could pave the way for Bitcoin and altcoin exchange-traded funds (ETFs), including XRP and Solana.
CEO Basel Ismail of Blockcircle believes that a shift in leadership at the SEC could boost Bitcoin adoption and create a surge in altcoin activity.
Echoing this sentiment, Bloomberg ETF analyst Eric Balchunas noted that a new SEC commissioner could bring more flexible crypto regulations.
However, not everyone is convinced of long-term gains.
Investor Mark Cuban warned that while Trump’s policies might create a short-term rally, they could also increase inflation through tariff measures, impacting the broader crypto market.
Finman argued that Trump’s reduction of regulatory hurdles could be a “rising tide that lifts all boats,” while Crypto Rand, a market analyst, sees gains concentrated in artificial intelligence (AI) and decentralized networks.
Crypto Rand cautioned that Trump’s support for crypto may be opportunistic, aimed at rallying new voters and campaign contributions.
At the time of writing, the Bitcoin price was $67,516.30.
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.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More








