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Bitcoin Bitcoin (BTC) $119,014.08 ↑ 0.63%
Ethereum Ethereum (ETH) $3,830.24 ↑ 2.03%
XRP XRP (XRP) $3.21 ↑ 0.43%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.00%
BNB BNB (BNB) $829.75 ↑ 5.73%
Solana Solana (SOL) $187.08 ↑ 0.27%
USDC USDC (USDC) $1.00 ↑ 0.01%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 0.21%
TRON TRON (TRX) $0.32 ↑ 0.82%
Cardano Cardano (ADA) $0.83 ↓ -0.54%
Sui Sui (SUI) $4.34 ↑ 3.13%
Hyperliquid Hyperliquid (HYPE) $43.78 ↓ -0.46%
Stellar Stellar (XLM) $0.44 ↑ 0.29%
Chainlink Chainlink (LINK) $19.03 ↑ 2.47%
Hedera Hedera (HBAR) $0.29 ↑ 0.42%
Bitcoin Cash Bitcoin Cash (BCH) $604.44 ↑ 7.59%
Avalanche Avalanche (AVAX) $25.41 ↓ -0.06%
Litecoin Litecoin (LTC) $113.93 ↓ -0.91%
Toncoin Toncoin (TON) $3.36 ↑ 1.09%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -0.76%
UNUS SED LEO UNUS SED LEO (LEO) $8.96 ↓ -0.25%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ 0.00%
Uniswap Uniswap (UNI) $10.76 ↑ 1.74%
Polkadot Polkadot (DOT) $4.18 ↓ -0.21%
Monero Monero (XMR) $322.59 ↑ 0.50%
Bitget Token Bitget Token (BGB) $4.61 ↑ 1.42%
Dai Dai (DAI) $1.00 ↓ 0.00%
Pepe Pepe (PEPE) $0.00 ↓ -0.14%
Aave Aave (AAVE) $298.31 ↑ 0.29%
Cronos Cronos (CRO) $0.14 ↓ -0.37%
Ethena Ethena (ENA) $0.67 ↑ 12.44%
Bittensor Bittensor (TAO) $429.65 ↓ -0.71%
NEAR Protocol NEAR Protocol (NEAR) $2.91 ↓ -0.79%
Ethereum Classic Ethereum Classic (ETC) $23.06 ↑ 0.60%
Pi Pi (PI) $0.44 ↑ 0.04%
Ondo Ondo (ONDO) $1.05 ↓ -0.41%
Aptos Aptos (APT) $4.87 ↑ 0.41%
Internet Computer Internet Computer (ICP) $5.73 ↓ -0.34%
OKB OKB (OKB) $48.55 ↑ 0.66%
Kaspa Kaspa (KAS) $0.11 ↑ 5.33%
Mantle Mantle (MNT) $0.82 ↑ 3.33%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 4.06%
Bonk Bonk (BONK) $0.00 ↓ -1.57%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↓ -0.16%
Algorand Algorand (ALGO) $0.28 ↑ 0.58%
Arbitrum Arbitrum (ARB) $0.45 ↓ -0.20%
VeChain VeChain (VET) $0.03 ↓ -0.68%
Render Render (RENDER) $4.30 ↑ 0.40%
GateToken GateToken (GT) $17.99 ↑ 1.45%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.01%
Worldcoin Worldcoin (WLD) $1.20 ↑ 1.97%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.27 ↑ 0.21%
Sky Sky (SKY) $0.10 ↑ 0.88%
Sei Sei (SEI) $0.34 ↓ -1.15%
SPX6900 SPX6900 (SPX) $2.13 ↑ 6.66%
Cosmos Cosmos (ATOM) $4.82 ↓ -0.32%
Filecoin Filecoin (FIL) $2.72 ↑ 0.82%
Jupiter Jupiter (JUP) $0.59 ↑ 5.62%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.74 ↓ -0.35%
Flare Flare (FLR) $0.02 ↑ 4.11%
Story Story (IP) $5.49 ↓ -0.24%
Quant Quant (QNT) $128.51 ↑ 3.98%
Injective Injective (INJ) $15.44 ↑ 2.53%
KuCoin Token KuCoin Token (KCS) $11.51 ↓ -1.07%
Celestia Celestia (TIA) $2.02 ↑ 2.61%
XDC Network XDC Network (XDC) $0.09 ↑ 0.21%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.00%
Curve DAO Token Curve DAO Token (CRV) $1.06 ↓ -1.79%
Stacks Stacks (STX) $0.85 ↑ 3.46%
Fartcoin Fartcoin (FARTCOIN) $1.34 ↓ -0.40%
Four Four (FORM) $3.49 ↑ 3.84%
Optimism Optimism (OP) $0.73 ↓ -0.16%
FLOKI FLOKI (FLOKI) $0.00 ↓ -0.11%
Ethereum Name Service Ethereum Name Service (ENS) $31.10 ↑ 2.87%
Immutable Immutable (IMX) $0.60 ↑ 3.67%
dogwifhat dogwifhat (WIF) $1.11 ↑ 2.13%
The Graph The Graph (GRT) $0.11 ↑ 2.21%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.58 ↓ -0.36%
PancakeSwap PancakeSwap (CAKE) $3.00 ↑ 7.77%
Kaia Kaia (KAIA) $0.17 ↑ 1.08%
Lido DAO Lido DAO (LDO) $1.13 ↑ 2.94%
Conflux Conflux (CFX) $0.19 ↑ 2.98%
Sonic Sonic (S) $0.34 ↓ -1.27%
PAX Gold PAX Gold (PAXG) $3,350.75 ↓ -0.16%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -7.59%
Tezos Tezos (XTZ) $0.89 ↓ -2.04%
Vaulta Vaulta (A) $0.58 ↑ 0.64%
Theta Network Theta Network (THETA) $0.91 ↑ 0.98%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.03%
JasmyCoin JasmyCoin (JASMY) $0.02 ↓ -0.20%
IOTA IOTA (IOTA) $0.22 ↑ 2.79%
Nexo Nexo (NEXO) $1.33 ↑ 1.34%
Raydium Raydium (RAY) $3.14 ↑ 2.09%
Tether Gold Tether Gold (XAUt) $3,344.43 ↓ -0.05%
Gala Gala (GALA) $0.02 ↑ 0.20%
The Sandbox The Sandbox (SAND) $0.32 ↑ 1.08%
Pyth Network Pyth Network (PYTH) $0.14 ↑ 3.40%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↓ -0.19%
Pendle Pendle (PENDLE) $4.41 ↓ -1.52%
Jito Jito (JTO) $2.02 ↑ 0.09%
Bitcoin Bitcoin (BTC) $119,014.08 ↑ 0.63%
Ethereum Ethereum (ETH) $3,830.24 ↑ 2.03%
XRP XRP (XRP) $3.21 ↑ 0.43%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.00%
BNB BNB (BNB) $829.75 ↑ 5.73%
Solana Solana (SOL) $187.08 ↑ 0.27%
USDC USDC (USDC) $1.00 ↑ 0.01%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 0.21%
TRON TRON (TRX) $0.32 ↑ 0.82%
Cardano Cardano (ADA) $0.83 ↓ -0.54%
Sui Sui (SUI) $4.34 ↑ 3.13%
Hyperliquid Hyperliquid (HYPE) $43.78 ↓ -0.46%
Stellar Stellar (XLM) $0.44 ↑ 0.29%
Chainlink Chainlink (LINK) $19.03 ↑ 2.47%
Hedera Hedera (HBAR) $0.29 ↑ 0.42%
Bitcoin Cash Bitcoin Cash (BCH) $604.44 ↑ 7.59%
Avalanche Avalanche (AVAX) $25.41 ↓ -0.06%
Litecoin Litecoin (LTC) $113.93 ↓ -0.91%
Toncoin Toncoin (TON) $3.36 ↑ 1.09%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -0.76%
UNUS SED LEO UNUS SED LEO (LEO) $8.96 ↓ -0.25%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ 0.00%
Uniswap Uniswap (UNI) $10.76 ↑ 1.74%
Polkadot Polkadot (DOT) $4.18 ↓ -0.21%
Monero Monero (XMR) $322.59 ↑ 0.50%
Bitget Token Bitget Token (BGB) $4.61 ↑ 1.42%
Dai Dai (DAI) $1.00 ↓ 0.00%
Pepe Pepe (PEPE) $0.00 ↓ -0.14%
Aave Aave (AAVE) $298.31 ↑ 0.29%
Cronos Cronos (CRO) $0.14 ↓ -0.37%
Ethena Ethena (ENA) $0.67 ↑ 12.44%
Bittensor Bittensor (TAO) $429.65 ↓ -0.71%
NEAR Protocol NEAR Protocol (NEAR) $2.91 ↓ -0.79%
Ethereum Classic Ethereum Classic (ETC) $23.06 ↑ 0.60%
Pi Pi (PI) $0.44 ↑ 0.04%
Ondo Ondo (ONDO) $1.05 ↓ -0.41%
Aptos Aptos (APT) $4.87 ↑ 0.41%
Internet Computer Internet Computer (ICP) $5.73 ↓ -0.34%
OKB OKB (OKB) $48.55 ↑ 0.66%
Kaspa Kaspa (KAS) $0.11 ↑ 5.33%
Mantle Mantle (MNT) $0.82 ↑ 3.33%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 4.06%
Bonk Bonk (BONK) $0.00 ↓ -1.57%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↓ -0.16%
Algorand Algorand (ALGO) $0.28 ↑ 0.58%
Arbitrum Arbitrum (ARB) $0.45 ↓ -0.20%
VeChain VeChain (VET) $0.03 ↓ -0.68%
Render Render (RENDER) $4.30 ↑ 0.40%
GateToken GateToken (GT) $17.99 ↑ 1.45%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.01%
Worldcoin Worldcoin (WLD) $1.20 ↑ 1.97%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.27 ↑ 0.21%
Sky Sky (SKY) $0.10 ↑ 0.88%
Sei Sei (SEI) $0.34 ↓ -1.15%
SPX6900 SPX6900 (SPX) $2.13 ↑ 6.66%
Cosmos Cosmos (ATOM) $4.82 ↓ -0.32%
Filecoin Filecoin (FIL) $2.72 ↑ 0.82%
Jupiter Jupiter (JUP) $0.59 ↑ 5.62%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.74 ↓ -0.35%
Flare Flare (FLR) $0.02 ↑ 4.11%
Story Story (IP) $5.49 ↓ -0.24%
Quant Quant (QNT) $128.51 ↑ 3.98%
Injective Injective (INJ) $15.44 ↑ 2.53%
KuCoin Token KuCoin Token (KCS) $11.51 ↓ -1.07%
Celestia Celestia (TIA) $2.02 ↑ 2.61%
XDC Network XDC Network (XDC) $0.09 ↑ 0.21%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.00%
Curve DAO Token Curve DAO Token (CRV) $1.06 ↓ -1.79%
Stacks Stacks (STX) $0.85 ↑ 3.46%
Fartcoin Fartcoin (FARTCOIN) $1.34 ↓ -0.40%
Four Four (FORM) $3.49 ↑ 3.84%
Optimism Optimism (OP) $0.73 ↓ -0.16%
FLOKI FLOKI (FLOKI) $0.00 ↓ -0.11%
Ethereum Name Service Ethereum Name Service (ENS) $31.10 ↑ 2.87%
Immutable Immutable (IMX) $0.60 ↑ 3.67%
dogwifhat dogwifhat (WIF) $1.11 ↑ 2.13%
The Graph The Graph (GRT) $0.11 ↑ 2.21%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.58 ↓ -0.36%
PancakeSwap PancakeSwap (CAKE) $3.00 ↑ 7.77%
Kaia Kaia (KAIA) $0.17 ↑ 1.08%
Lido DAO Lido DAO (LDO) $1.13 ↑ 2.94%
Conflux Conflux (CFX) $0.19 ↑ 2.98%
Sonic Sonic (S) $0.34 ↓ -1.27%
PAX Gold PAX Gold (PAXG) $3,350.75 ↓ -0.16%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -7.59%
Tezos Tezos (XTZ) $0.89 ↓ -2.04%
Vaulta Vaulta (A) $0.58 ↑ 0.64%
Theta Network Theta Network (THETA) $0.91 ↑ 0.98%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.03%
JasmyCoin JasmyCoin (JASMY) $0.02 ↓ -0.20%
IOTA IOTA (IOTA) $0.22 ↑ 2.79%
Nexo Nexo (NEXO) $1.33 ↑ 1.34%
Raydium Raydium (RAY) $3.14 ↑ 2.09%
Tether Gold Tether Gold (XAUt) $3,344.43 ↓ -0.05%
Gala Gala (GALA) $0.02 ↑ 0.20%
The Sandbox The Sandbox (SAND) $0.32 ↑ 1.08%
Pyth Network Pyth Network (PYTH) $0.14 ↑ 3.40%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↓ -0.19%
Pendle Pendle (PENDLE) $4.41 ↓ -1.52%
Jito Jito (JTO) $2.02 ↑ 0.09%
Home Cryptocurrency

Will Trump’s Potential Win Push Bitcoin to $100K and Ignite an Altcoin Surge?

Shaiza Raja by Shaiza Raja
22 October 2024
in Cryptocurrency, News
Reading Time: 4 mins read
0
$100K Bitcoin and Altcoin Surge - The Impact of Trump’s Potential Win

Will Trump’s Potential Win Push Bitcoin to $100K and Ignite an Altcoin Surge?

The 2024 U.S. presidential election will have major reverberations for the cryptocurrency market, perhaps even sending Bitcoin to $100,000 should Trump succeed. Many altcoins would eventually go higher as well. Cryptocurrencies and, particularly, Bitcoin and altcoins are the new central issues of the presidential campaign, and how they interact with mainstream American politics can be leveraged as a locus of influence among the experts who follow presidential elections. Particularly, Trump has emerged as one of the leading advocates of the industry promising a pro-crypto policy that may help bring about a gigantic bull run.

Qubetics is 728x90 1

Table of Contents

Toggle
    • YOU MAY BE INTERESTED
    • Speculation Is High for These 5 Top Meme Coins – Is the Best Upcoming Crypto in 2025 on This Lineup?
    • Momentum Builds: 3 Top Cryptos in July 2025 Every Investor Should Have on Their Radar
  • Trump’s Pro-Crypto Policies Could Ignite the Market
  • Industry Optimism: Bitcoin to $100K?
  • Trump’s Plan to Fire SEC Chair Gensler
  • A Vision for the U.S. to Become the “World Capital of Crypto”

YOU MAY BE INTERESTED

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Trump’s Pro-Crypto Policies Could Ignite the Market

This election might be one that could determine the future regulatory environment in the United States for digital assets, a factor closely followed by many crypto traders and analysts. Importantly, crypto trader Satoshi Flipper believes that if Trump wins, the bull market continued further. “Not even 1 cent of Trump winning the election is priced into BTC or ALTS,” he said. This kind of sentiment in the crypto community would be very positive about Trump’s win.

Trump’s Pro-Crypto Policies Could Ignite the Market

To date, prediction markets like Kalshi and Polymarket think that Trump will win the election with about a 60% chance; this has ignited a bit of a debate, in large part because people raised concerns about possible market manipulation, but others, like Kalshi founder Tarek Mansour, pushed back in support of the predictions.

Industry Optimism: Bitcoin to $100K?

Erik Finman, the teenage Bitcoin millionaire says he is excited at the prospective candidate because that would make the U.S. a pro-crypto environment and make huge investments in the market. He says that the price of Bitcoin may likely hit $100,000 during his second term since the policies would inject fuel into the growth of this industry. Other analysts like Crypto Rand point out how this would make the U.S. less hostile to crypto, potentially making it a leader in the space.

Not everyone in the crypto industry is under the impression that a Trump victory will have anything even remotely resembling a long-term positive impact. Take business magnate and “Shark Tank” personality Mark Cuban, who has been an active supporter of the Democratic nominee Kamala Harris. He’s been lobbying for the campaign to craft better policies for crypto. Cubans see the crypto market spiking perhaps briefly after a Trump election because it would be kind of a sigh of relief that he hasn’t blocked everything but plummeted much later on due to economic policies, which Cubans believe are inflationary. He further believes that inflation rates are very high and could, in the long term, become the factor that limits price action for Bitcoin, hurting the marketplace.

Trump’s Plan to Fire SEC Chair Gensler

However, one of the most significant promises he made in the crypto space is that he will fire SEC Chair Gary Gensler on his first day of office. Now, Trump cannot actually fire Gensler; however, he can demote him and put in a new SEC chair who might be more friendly to this industry. A pro-crypto SEC chair would mark a step closer towards the mainstream acceptance of Bitcoin and altcoins.

Experts such as Blockcircle CEO Basel Ismail advance further to even opine that a pro-crypto SEC chair could spark the approval of several altcoin exchange traded funds, which would greatly fuel the market. Bloomberg’s ETF analyst Eric Balchunas deems that Trump would appoint an SEC commissioner that wouldnt bother with present regulatory procedures and made a road way to altcoin ETFs.

A Vision for the U.S. to Become the “World Capital of Crypto”

A “world capital of crypto” in Trump’s wider vision, among his proposals is the structuring of a crypto advisory council to provide policymakers with advice on issues within that industry. That would make regulation more facilitative of the needs of this fast-paced, thrust-forward crypto industry, and it is also even more enticing from perspectives about investments and growth.

A Vision for the U.S. to Become the "World Capital of Crypto"

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However, his crypto-negative policies and economics can still influence the market. His proposed tariffs on imports from China have been criticised. For some people, inflation is an increased inflation process that causes the economy to corrode. According to Cuban, interest rates will increase if there is higher inflation, negatively influencing the crypto market by squeezing liquidity and reducing investment.

Although the new pro-crypto stand of Trump is pretty new and popular, it was quite different in his prior stances. Even as he bashes Bitcoin as “a scam,” Trump said during his first term that he prefers the US dollar. However, analysts, like Finman, see this 180-degree turn as something to be positive about-once a person starts hunting for newness and can embrace change.

Stay connected with TurkishNY Radio by following us on Twitter and LinkedIn, and join our Telegram channel for more news.

Tags: AltcoinSurgeBitcoin100KcryptocurrencyCryptoElectionsCryptoMarketProCryptoPoliciesSECRegulationTrump2024TrumpVictory
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