Trump election victory could push Bitcoin to $92K, says Bitwise exec

In October 2024, Jeff Park, Head of Alpha Strategies at Bitwise, projected that Bitcoin's price could surge to approximately $92,000 if Donald Trump wins the upcoming U.S. presidential election. Park's analysis involved charting Bitcoin's price against Trump's election odds on the decentralized betting platform Polymarket and applying "merger arb-style probability math" to assess potential outcomes. 

This perspective aligns with other analysts' views, such as Bitcoin millionaire Erik Finman, who suggested that a Trump victory could propel Bitcoin's price to $100,000, citing anticipated pro-crypto policies that could stimulate significant market growth. 

However, not all experts share this optimism. Billionaire investor Mark Cuban cautioned that while a Trump win might lead to an initial surge in crypto markets, certain proposed economic policies, including controversial import tariffs, could be highly inflationary and potentially hinder Bitcoin's long-term price performance. 

These analyses underscore the potential impact of political events on cryptocurrency markets, highlighting the complex interplay between policy decisions and market dynamics.