Crypto analyst Thomas has made a bold Bitcoin price prediction for 2030, asserting that the flagship cryptocurrency will reach $1 million regardless of whether Donald Trump or Kamala Harris wins the upcoming US presidential elections. This claim underscores the increasing influence of political outcomes on the crypto market. Other experts, such as Bernstein analysts, concur that the victor of the November polls will significantly impact Bitcoin’s future trajectory.
In a recent post on X (formerly Twitter), Thomas emphasized that Bitcoin will achieve its full potential irrespective of the election results. Meanwhile, various crypto commentators continue to speculate on Bitcoin’s price based on the forthcoming elections. Donald Trump’s self-proclamation as the ‘Crypto President’ aims to court crypto enthusiasts and has led Bernstein analysts to predict that Bitcoin could soar to $90,000 in the fourth quarter of this year if Trump wins.
There have been notable predictions from key industry figures. In June, Geoffrey Kendrick of Standard Chartered forecasted that Bitcoin would climb to $100,000 before the elections, potentially hitting $150,000 by year-end should Trump become the next US president. Comparatively, there’s been little discussion on Bitcoin’s prospects if Kamala Harris wins, largely due to her ambiguous stance on cryptocurrencies. Harris’s recent policy statement omitted any mention of crypto, leaving the community uncertain and concerned, especially as the current administration has been clamping down on crypto firms through the US Securities and Exchange Commission (SEC).
The impending presidential debate between Trump and Harris is eagerly awaited by the crypto community. A discussion of their respective plans for the crypto industry could significantly influence Bitcoin and the broader market. Notably, crypto wasn’t a topic during the first debate between Trump and President Joe Biden when Biden was the Democratic nominee. However, the growing involvement of crypto stakeholders in the current election cycle makes it likely that this time, crypto will be a focal point. Ripple’s co-founder, Chris Larsen, along with other corporate leaders, recently endorsed Harris, adding intrigue to her crypto policy stance.
Currently, Bitcoin is trading at approximately $56,800, marking a 2% increase over the past 24 hours, as per CoinMarketCap data.
