Potential Impact of Trump’s Election Odds on Bitcoin Price Predicted to Reach $85,000 by Jon Najarian
As the 2024 election looms, the future of bitcoin has become a central point of discussion. In a recent conversation moderated by Roundtable anchor Rob Nelson, a panel consisting of Jon Najarian, Co-Founder at Market Rebellion, and David Gokhshtein, the founder of Gokhshtein Media, delved into the potential year-end performance of bitcoin. The experts underscored how the upcoming U.S. presidential election could wield a significant influence on the trajectory of bitcoin in the months ahead.
Nelson initiated the dialogue by inquiring whether recent price fluctuations had impacted Jon Najarian’s earlier prognostications. Najarian remained steadfast in his projections, indicating a belief that bitcoin could potentially climb to around $85,000 by the conclusion of the year. He accentuated the pivotal role of the political environment, specifically highlighting the potential ramifications of a Trump triumph as a key driver for the appreciation of bitcoin. Najarian drew attention to the stark disparities between the candidates concerning their views on bitcoin, underscoring that a bitcoin-friendly Trump administration could exert a substantial impact on the market.
Echoing Najarian’s sentiments, David Gokhshtein put forth his estimation that bitcoin’s value could ascend to a range between $80,000 and $85,000, with a lower boundary of $70,000. Gokhshtein also emphasized the sway of Trump’s position, asserting that the ex-president’s bullish and unfiltered attitude toward cryptocurrencies could serve as a significant catalyst for bitcoin. He highlighted the potential significance of Trump’s unwavering support for bitcoin, free from external influences, in shaping market sentiment.
While Vice President Kamala Harris has yet to articulate a definitive policy stance, proponents within the pro-crypto faction of the Democratic party suggest a forthcoming pro-crypto pivot from her in the lead-up to the election. As the year progresses, the convergence of bitcoin and politics will be closely monitored, with many observers anticipating a substantial surge in the digital currency’s value despite the uncertain terrain that lies ahead.
