Bitwise Strategy Director: Trump's Election Could Push Bitcoin to $92,000

Odaily Planet Daily Report: Bitwise's Alpha Strategy Manager Jeff Park predicts that if Trump wins the US presidential election in November, the price of coin could rise to $92,000. He recently posted on that based on a chart plotting bitcoin prices and Trump's winning odds on Polymarket, and applying some "merger arbitrage-style probability math," the result shows that if Trump wins the election, bitcoin is likely to skyrocket. Park's optimistic forecast for bitcoin prices is consistent with the views of more and more experts and analysts, who expect Trump's victory to significantly drive up its price. Early bitcoin investor Erik Finman said he believes Trump's victory could push bitcoin prices up to $100,000, "his policies will ignite the crypto market, driving significant growth across the board." (Cointelegraph)