Some analysts believe that Bitcoin and other popular cryptocurrencies are in fact doomed to success. As arguments, they recall the prospect of a repeated increase in inflation and the growth of the US government debt. Of course, under such conditions, BTC with its limited maximum supply of 21 million coins seems to be an attractive asset.

Bernstein experts, for example, taking into account what is happening, believe in the growth of Bitcoin to the mark of 200 thousand dollars. Moreover, they consider this version to be conservative.

The growth of Bitcoin and other cryptocurrencies

What will happen to Bitcoin after the election

According to the forecasts of Standard Chartered analyst Jeff Kendrick, by 5 November, the first cryptocurrency will be able to reach a level in the zone of 73 thousand dollars, that is, the current maximum value of BTC.

If former Republican President Donald Trump is elected for a second term, then BTC will grow by 4 per cent after the results are announced. The cryptocurrency will rise by another 10 per cent over the next few days on the back of general positivity in the crypto sphere.


Traditionally, we note that the predictions of any expert may not come true, which means that they should be treated with caution. However, there are still reasons to count on such a scenario. Firstly, Donald Trump has been openly supporting the cryptocurrency industry since spring, promising to turn the United States into the capital of digital assets.

Secondly, the politician has voiced a number of specific actions that will make it possible to achieve such a result. In particular, we are talking about the approval of adequate regulation of the sphere, the cessation of sales of previously confiscated cryptocurrencies by the U.S. government, as well as the dismissal of the current chairman of the Securities Commission Gary Gensler.

Former US President Donald Trump at the Bitcoin 2024 cryptocurrency conference

If current Vice President Kamala Harris is elected president, then BTC will trade lower for a while, but will still end the year at around $75,000, Kendrick believes.

As the expert notes, the RealClearPolitics platform currently estimates Trump's chances of winning at 59 per cent, while Polymarket gives Trump a 63 per cent chance of becoming president again.

According to Cointelegraph representatives, digital asset lovers should not pin much hope on Polymarket’s statistics, as the decentralised betting platform does not reflect the real picture of sentiment across society. However, in this case, users are betting their own money on one or another probability of the outcome of events, so their actions still speak about their sentiments.

The probability of the outcome of the upcoming election according to the Polymarket platform

Kendrick is not the only expert who has shown favour with Donald Trump’s prospects. A member of the management team of crypto asset management company Bitwise, Jeff Park, predicted the day before that if Trump wins, the BTC rate will reach $92,000.

At the same time, Deribit’s research department suggests that BTC will rise to $80,000 by the end of November if Trump wins.

😈 MORE INTERESTING STUFF CAN BE FOUND IN OUR YANDEX.ZEN!

A major reshuffle is also expected at the US Securities and Exchange Commission (SEC), Congressman French Hill announced on a recent broadcast of the Thinking Crypto podcast. Hill and other Republicans have criticised Gensler for the SEC’s actions in recent years and the lack of a clear regulatory framework for digital assets, Decrypt reported.

SEC Chairman Gary Gensler

Gary Gensler’s approach to digital assets and blockchain has been consistently criticised from all sides as digital assets have grown in popularity in the US. According to representatives from analytics firm Chainalysis, the US ranks fourth in the Global Cryptocurrency Adoption Index by 2024, following India, Nigeria and Indonesia.

Hill believes Gensler’s “fear-mongering” at the SEC is unconstitutional, while Gary himself is abusing the agency’s regulatory powers. Regardless of the outcome of the election in early November, the SEC chairman will likely vacate his position as early as 2025.

Note that the most unexpected factors can hinder the growth of the digital asset market. For example, on Friday evening it became known that the Department of Justice is investigating Tether for possible violations of sanctions and anti-money laundering rules. At the same time, the Treasury Department is studying the possibility of imposing sanctions against Tether due to the widespread use of USDT by individuals and groups under U.S. sanctions.

As a result, Bitcoin very quickly collapsed from $67,000 to the local bottom at $66,006, after which it recovered just as quickly.

Bitcoin rate collapse amid news about the alleged investigation of Tether’s activities by the U.S. Department of the Treasury

This was facilitated by the comments of the head of Tether Paolo Ardoino. He stated that there was no indication that the company’s activities are now being investigated by the US government.


From the looks of it, early November could prove to be volatile for cryptocurrencies. Still, Donald Trump has long presented himself as a connoisseur of the blockchain industry, while Kamala Harris' comments on coins have proven to be superficial and unconvincing. So traders should clearly prepare for the 5th of the month.

For more interesting stuff, check out our millionaire crypto chat. We are waiting for you there so that you don’t miss the course of the current bullrun and make a real profit from it.

SUBSCRIBE TO OUR CHANNEL IN TELEGRAM TO KEEP UP TO DATE.