Opinion: Bitcoin may break through six figures regardless of the outcome of the US election

According to CNBC, despite the heated debate among candidates in the US presidential election, investors in the cryptocurrency industry generally believe that Bitcoin will maintain strong performance in the long term and is expected to break through six figures soon. Steven Lubka of Swan Bitcoin said that no matter who wins the November election, the value of Bitcoin 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 traded between $55,000 and $70,000 for most of 2024, reaching an all-time high of $73,000 in March. Investors generally expect that the price of Bitcoin will remain relatively stable until the results of the election are determined. Although the debate between Harris and Donald Trump caused Bitcoin to fall in the short term, the main reason was attributed to other macroeconomic factors. Analysts predict that if Trump is elected, Bitcoin may break through a new high of $80,000; while Harris's election may cause the price to fall back to $40,000. Despite some concerns about future market turmoil, Bitcoin still shows strong investment potential in the current environment.