{"id":15991,"date":"2024-08-10T11:26:47","date_gmt":"2024-08-10T08:26:47","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoins-path-to-100000-hinges-on-trumps-election-victory-says-expert\/"},"modified":"2024-08-10T11:26:47","modified_gmt":"2024-08-10T08:26:47","slug":"bitcoins-path-to-100000-hinges-on-trumps-election-victory-says-expert","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoins-path-to-100000-hinges-on-trumps-election-victory-says-expert\/","title":{"rendered":"Bitcoin&#8217;s Path to $100,000 Hinges on Trump&#8217;s Election Victory, Says Expert"},"content":{"rendered":"<p>Bitcoin&#8217;s price could surpass $100,000 if Donald Trump wins the US presidential election, according to Michael Terpin, founder of Transform Ventures, as reported by <a href=\"https:\/\/www.coindesk.com\/markets\/2024\/08\/09\/bitcoin-bulls-revisit-100k-year-end-target-as-btc-spikes-over-62k\/\">CoinDesk<\/a>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>&#8220;Now that the Bank of Japan has indicated it does not plan further interest rate hikes, and Jump Trading runs out of coins to sell, as happened with Germany a few weeks ago, I see no reason for the price to fall significantly below $50,000,&#8221; he stated.<\/cite><\/p><\/blockquote>\n<p>According to the expert, the bull market will continue &#8220;along traditional four-year cycle lines&#8221; with significant growth in October and November.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>&#8220;If Trump wins, a surge of new buyers could push Bitcoin&#8217;s price above $100,000. [\u2026] October and November are historically strong months for Bitcoin, especially in a <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-undergoes-fourth-halving\">halving<\/a> year and the one following it,&#8221; Terpin explained.<\/cite><\/p><\/blockquote>\n<p>On August 5, Bitcoin fell below $50,000. By August 9, the digital asset had recovered to over $60,000. At the time of writing, Bitcoin is trading at $60,700.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-08-10-v-11.13.17-1024x640.png\" alt=\"Snimok-ekrana-2024-08-10-v-11.13.17\" class=\"wp-image-238662\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-08-10-v-11.13.17-1024x640.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-08-10-v-11.13.17-300x188.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-08-10-v-11.13.17-768x480.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-08-10-v-11.13.17-1536x960.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-08-10-v-11.13.17-2048x1280.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Earlier, analysts from the cryptocurrency exchange Coinbase attributed Bitcoin&#8217;s decline to seasonality. They noted that the digital asset market faced a traditional downward trend for August.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8217;s price could surpass $100,000 if Donald Trump wins the US presidential election, according to Michael Terpin, founder of Transform Ventures, as reported by CoinDesk. &#8220;Now that the Bank of Japan has indicated it does not plan further interest rate hikes, and Jump Trading runs out of coins to sell, as happened with Germany a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,842],"class_list":["post-15991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-politics"],"aioseo_notices":[],"amp_enabled":true,"views":"7","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15991"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15990"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}