Analysts from a leading research firm project Bitcoin could hit $200,000 by the end of 2025, regardless of the U.S. election outcome.
They view Donald Trump as the more crypto-friendly candidate compared to Kamala Harris, who may uphold the Democratic Party’s stringent stance on cryptocurrency.
Key factors driving
Bitcoin’s
potential growth include U.S. fiscal irresponsibility, high debt levels, and monetary expansion, which boost interest in hard assets. The analysts argue that the success of U.S. spot Bitcoin exchange-traded funds (ETFs) will further enhance this demand.
Recent fluctuations in Polymarket odds suggest short-term volatility linked to the election. Polling shows Trump with a lead over Harris, but national averages indicate a tight race.
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Should Trump win, Bitcoin might surpass its previous high of nearly $74,000; however, a Harris victory could see it fall to around $50,000 before recovery. Despite recent market corrections due to profit-taking, there is optimism for a year-end rally.
The election’s outcome could also affect Ethereum, with some analysts believing that a Harris win might support its ETF prospects. However, a favorable SEC could benefit all cryptocurrencies.
Bitcoin mining remains a focal point due to its energy production potential and ties to AI needs. Regardless of election results, the industry is expected to thrive, with pro-mining policies likely attracting more investment.
