Opinion: Bitcoin could break through six figures, regardless of the outcome of the US election
CNBC posted that despite the heated debate among the candidates in the US election, investors in the cryptocurrency industry generally believe that Bitcoin will maintain a strong performance for a long time and is expected to break through six figures soon. Steven Lubka of Swan Bitcoin said that regardless of who wins the November election, Bitcoin's value will almost certainly reach six figures. James Davies of Crypto Valley Exchange believes that even if Kamala Harris is elected president, it will not significantly affect the price of Bitcoin and the industry will continue to thrive.
Bitcoin spent most of 2024 trading between $55,000 and $70,000, having reached an all-time high of $73,000 in March. Investors generally expect the bitcoin price to remain relatively stable until the election results are determined. Although the Harris-Donald Trump debate caused bitcoin to fall in the short term, other macroeconomic factors were largely blamed.
Analysts predict that if Trump is elected, bitcoin could break through a new high of $80,000; while Harris' election could cause the price to fall back to $40,000. Despite some concerns about future market volatility, bitcoin still shows strong investment potential in the current environment.