Top analysts predicted that Donald Trump’s victory in the upcoming presidential election may pump Bitcoin to $150k.
Donald Trump, former US president, is currently the top US presidential candidate as per online survey records. In the last couple of months, Trump passed several crypto-friendly statements around Bitcoin & cryptocurrency adoption in the US jurisdiction and also his election campaign team started accepting crypto donations.
On 7 June 2024, Geoff Kendrick, the head of digital assets research at Standard Chartered, made a bold prediction, suggesting that if Donald Trump wins the upcoming U.S. presidential election, Bitcoin could skyrocket to $150,000.
Kendrick anticipates that Bitcoin may first hit $80,000 to $100,000 as the election approaches, followed by a further surge to $150,000 by the end of the year if Trump is re-elected.
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Donald Trump’s crypto-holding
A year ago, in August 2023, Coindesk reported that Donald Trump held $2.8 million in a cryptocurrency wallet. This information was disclosed in official documents received by the governmental ethics watchdog group, Citizens for Responsibility and Ethics in Washington.
He also earned $4.87 million from NFT licensing fees, as per the filing.
At present, Trump’s election campaign team holds more than $31 million in cryptocurrencies, including Bitcoin, Ethereum, Maga meme tokens, etc.
So far more than $300 million in donations has been received by Trump and this amount is surging rapidly day by day, which is enough to show his popularity & support among the American population.
A week ago, the world’s richest person Tesla CEO Elon Musk confirmed that he talked about Bitcoin & Crypto adoption policies with former US president Trump.
All these things show that Trump is going to win the upcoming election because there are not only crypto people supporting him but also many non-crypto people supporting him to save America from inflation & implement better economic policies.
Read also: Kraken to go public before 2025, looking for $100 million investment: Report
Donald Trump’s victory in the election may push Bitcoin to $150k
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