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Bitwise Strategy Director: Trump's Election Could Push Bitcoin to $92,000
2024-10-24 05:20:00
Odaily News Jeff Park, head of alpha strategy at crypto asset management company Bitwise, predicts that if Trump wins the US presidential election in November, the price of Bitcoin could rise to $92,000. He recently posted on X that based on a chart of Bitcoin prices and Trump's odds of winning on Polymarket and applying some "merger arbitrage-style probability mathematics," the results show that Bitcoin is likely to soar after Trump wins the election. Park's optimistic prediction for Bitcoin prices is consistent with the views of a growing number of experts and analysts who expect Trump's victory to drive its price significantly higher. Erik Finman, an early Bitcoin investor, said he believes Trump's victory could push Bitcoin prices to $100,000, "His policies will ignite the crypto market and drive substantial growth across the board." (Cointelegraph)