Bitcoin May End The Year At $79,000, Economist Predicts—But Here’s How Different Election Outcomes Could Change That
Economist and trader Alex Krüger on Friday laid out his price predictions for Bitcoin (CRYPTO: BTC) based on the 2024 U.S. presidential election outcome, with a strong focus on the immediate impacts of either candidate’s win.
What Happened: The trader asserted in a thread on X that the apex crypto could surge to $90,000 by year-end in case of a Trump win, with a 55% probability assigned to this outcome.
In contrast, a Kamala Harris victory would likely keep Bitcoin at around $65,000, with a probability of 45%.
The weighted average of these projections puts Bitcoin at approximately $79,000, highlighting the substantial effect that the election could have on the cryptocurrency market.
Krüger emphasized that a Trump win would likely result in a sharp, rapid rise in Bitcoin’s price, driven by expectations of …
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