Vaneck Expects Bitcoin Price to Reach All-Time High After Donald Trump Wins US Presidency

Asset absorption steadfast Vaneck has predicted that bitcoin’s terms volition scope an all-time precocious connected Nov. 9, pursuing a “combative predetermination that saw Donald Trump triumph 290 electoral votes and regain the presidency, raising optimism that the SEC’s hostile regulatory attack volition beryllium dismantled.” Vaneck further predicted that Satoshi Nakamoto could beryllium named Time Magazine’s “Man of the Year” if bitcoin hits $100K by adjacent December.

Bitcoin’s Next All-Time High Prediction

Asset absorption steadfast Vaneck has predicted that “bitcoin volition marque an all-time high” successful the 4th fourth of adjacent year. This is 1 of the firm’s 15 crypto predictions for 2024.

“In the 2nd fractional of 2024, bitcoin volition ascent a presidential-sized partition of worry,” Vaneck described. “The percent of the planetary colonisation voting successful legislative and statesmanlike elections volition deed an all-time precocious supra 45% successful 2024. This precocious level of important elections augurs precocious volatility and the imaginable of important changes. More specifically, we spot mounting grounds that voters and courts are rejecting the anti-growth docket of the Green lobby.” The plus absorption steadfast continued:

Thus, aft a combative predetermination that saw Donald Trump triumph 290 electoral votes and regain the presidency, raising optimism that the SEC’s hostile regulatory attack volition beryllium dismantled, we deliberation the bitcoin terms volition scope an all-time precocious connected November 9th, precisely 3 years to the time from its past all-time high.

Vaneck noted that “bitcoin’s breakout successful November 2020 besides came precisely 3 years to the time from its November 2017 top.” On Nov. 9, 2021, the terms of bitcoin deed $68,892.03.

The plus absorption steadfast besides made a prediction astir bitcoin’s pseudonymous creator, Satoshi Nakamoto, successful the lawsuit that BTC reaches $100,000 by December adjacent year, stating:

If bitcoin reaches $100K by December, we marque a long-shot telephone that Satoshi Nakamoto volition beryllium named Time Magazine’s ‘Man of the Year.’

Recently, erstwhile Securities and Exchange Commission (SEC) authoritative John Reed Stark similarly said that if Trump is elected U.S. president, a Republican-appointed SEC seat whitethorn “slow down considerably SEC crypto-related enforcement efforts.” He emphasized that the crypto-regulatory tides could shift exponentially aft Election Day.

What bash you deliberation astir Vaneck’s bitcoin terms prediction? Let america cognize successful the comments conception below.