{"id":17893,"date":"2024-10-18T17:56:37","date_gmt":"2024-10-18T14:56:37","guid":{"rendered":"https:\/\/forklog.com\/en\/matrixport-links-bitcoin-surge-beyond-70000-to-trumps-potential-victory\/"},"modified":"2024-10-18T17:56:37","modified_gmt":"2024-10-18T14:56:37","slug":"matrixport-links-bitcoin-surge-beyond-70000-to-trumps-potential-victory","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/matrixport-links-bitcoin-surge-beyond-70000-to-trumps-potential-victory\/","title":{"rendered":"Matrixport Links Bitcoin Surge Beyond $70,000 to Trump&#8217;s Potential Victory"},"content":{"rendered":"<p>Analysts at Matrixport have deemed their February forecast of Bitcoin reaching $70,000 by year-end as &#8220;too conservative.&#8221; The price could surpass this mark amid the U.S. elections.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/MatrixOnTarget?src=hash&#038;ref_src=twsrc%5Etfw\">#MatrixOnTarget<\/a> Report? \u2014 Oct 18: $70,000 Year-End <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> Target Likely Too Conservative<a href=\"https:\/\/twitter.com\/hashtag\/Matrixport?src=hash&#038;ref_src=twsrc%5Etfw\">#Matrixport<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/cryptomarket?src=hash&#038;ref_src=twsrc%5Etfw\">#cryptomarket<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/MarketWatch?src=hash&#038;ref_src=twsrc%5Etfw\">#MarketWatch<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/CryptoInvestors?src=hash&#038;ref_src=twsrc%5Etfw\">#CryptoInvestors<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> <a href=\"https:\/\/t.co\/n2LZDcsOoW\">pic.twitter.com\/n2LZDcsOoW<\/a><\/p>\n<p>\u2014 Matrixport Official English (the only official X) (@Matrixport_EN) <a href=\"https:\/\/twitter.com\/Matrixport_EN\/status\/1847190883055423815?ref_src=twsrc%5Etfw\">October 18, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The firm highlighted the accuracy of its previous assessments. In October 2022, the company&#8217;s experts predicted a rally for the leading cryptocurrency, reaching $63,000 by the halving. The deviation from the target was 1%.<\/p>\n<p>Their forecast of a $45,000 price by the end of 2023 also proved accurate, with a 2% difference from the actual rate.<\/p>\n<p>In early February, analysts set a $70,000 target for Bitcoin by 2025, implying a growth of approximately 65%. As digital gold approached this psychological level by mid-October, Matrixport experts believe their prediction will come true. However, they pointed to a factor that could serve as an additional catalyst for the asset&#8217;s rally.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The potential return of Donald Trump to the U.S. presidency in 2025 could have significant implications for various economic sectors, including cryptocurrencies like Bitcoin,&#8221; they suggest.<\/p>\n<\/blockquote>\n<p>Trump&#8217;s previous presidential term was marked by business-friendly policies, initiatives to deregulate the economy, corporate tax cuts, and skepticism towards the Federal Reserve.<\/p>\n<p>A similar approach, combined with <a href=\"https:\/\/u1f987.com\/en\/news\/trump-vows-to-make-america-the-crypto-capital-of-the-world\">populist rhetoric<\/a> regarding cryptocurrencies from the Republican leader, could create a favorable environment for digital gold&#8217;s growth if re-elected, analysts assert.<\/p>\n<p>They noted that investors similarly assess the cryptocurrency&#8217;s prospects under his presidency. The recent price surge is largely linked to Trump&#8217;s increasing chances of victory.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Trump&#8217;s odds are up 2.5% after Kamala Harris&#8217; Fox News interview.<\/p>\n<p>He now has a 24% lead. <a href=\"https:\/\/t.co\/7YFOFzwrfu\">pic.twitter.com\/7YFOFzwrfu<\/a><\/p>\n<p>\u2014 Polymarket (@Polymarket) <a href=\"https:\/\/twitter.com\/Polymarket\/status\/1846940848274968600?ref_src=twsrc%5Etfw\">October 17, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;That&#8217;s why our $70,000 year-end target for Bitcoin might be too conservative, despite its accuracy,&#8221; stated Matrixport.<\/p>\n<\/blockquote>\n<p>Democratic candidate Kamala Harris has also promised support for innovative technologies like AI and digital assets.<\/p>\n<p>According to BlackRock CEO Larry Fink, Bitcoin will continue to rise regardless of who occupies the White House.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts at Matrixport have deemed their February forecast of Bitcoin reaching $70,000 by year-end as &#8220;too conservative.&#8221; The price could surpass this mark amid the U.S. elections. #MatrixOnTarget Report? \u2014 Oct 18: $70,000 Year-End #Bitcoin Target Likely Too Conservative#Matrixport #Crypto #cryptomarket #MarketWatch #CryptoInvestors #BTC pic.twitter.com\/n2LZDcsOoW \u2014 Matrixport Official English (the only official X) (@Matrixport_EN) October [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17892,"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":[480,1146,991],"class_list":["post-17893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-cryptocurrency-market-forecasts","tag-donald-trump"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17893","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=17893"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17893\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17892"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}