BTC Will Soar No Matter the US Election Outcome!

Bitcoin is the most famous cryptocurrency and has been in the center of attention and discussion for a long time, especially when it comes to its behavior concerning different political processes. With the US presidential election fast approaching, many traders and the cryptocurrency community in general is eager to know how the result of the polls will be reflected in the prices of Bitcoin. Does a Trump win mean that Bitcoin will go up or down dramatically, similarly, a Harris win? According to Steven Lubka, a manager at Swan Bitcoin, the answer is clear: By 2025, Bitcoin’s value will be at six-digit figures no matter who is the President.

Bitcoin Will Approach Six-Digit Figures

Some of the investors generally assume that a Trump will have positive impact on the Bitcoin prices while the prices may be negatively impacted if Kamala Harris wins the elections. That being said, during the recent CNBC interview, Steven Lubka is as sure as a gun that Bitcoin’s prospects are not bound by the election outcome.

Lubka hasn’t changed his mind about his bullish outlook and while he says there could be short-term price movements right after the election, he really thinks that the medium and long-term view of Bitcoin is incredibly bullish. He also believes that Bitcoin will hit the six-digit number besides other factors like the spot ETFs and institutional approval apart from the political circumstances in the U. S.

Market perception regarding the election

Market enthusiasts have also started comparing and forecasting on how the nearing presidential election will affect markets, including cryptocurrency markets. In the past, some occurrences such as elections affects the market direction since some investors go for hedging depending on the expected new policies that may affect the market.

Specifically, Steven Lubka believes that while a Trump win would most likely push the price of Bitcoin up instantly, a Harris win will have a negative effect for some time, or trigger rampant selling. Nevertheless, Lubka strongly believes that in general the trend of Bitcoin will remain higher, irrespective of who is in the white house.

Elements Influencing Future Development of Bitcoin

Beyond the election, there are several key factors that Lubka points out as pivotal in driving Bitcoin’s future price growth:

Institutional Adoption: Financial institutions continue to demonstrate growing attention to Bitcoin as more organizations are now adopting the crypto currency into their portfolios, including MicroStrategy, Tesla, among others. This trend is also likely to persist thus exerting further pressure on the price of the share to rise.

Spot ETFs: Lubka said that the approval of Bitcoin spot ETFs can cause the demand to skyrocket, consequently causing the increase of the price of the cryptocurrency. It is safer to note that Spot ETFs are even more direct and more preferable to futures-based ETFs.

Global Economic Trends: As inflation rates continue to rise and the effect of the current volatile markets, continued to escalate, Bitcoin continues to be seen as a protection against economic instability. This sentiment is expected to persist to the future by the increased use of Bitcoin by investors because of its decentralized and scarce characteristic.

Variations in Short Term vs Long Term Gains

Although occasional tendency of Bitcoin’s price is capable of switching in the short term, Lubka has a positive outlook in the long span. While Lubka expects that there will be some selling pressure in the moments following the election in the US, he remains convinced that Bitcoin will spend time transitioning toward six-digit figures over the course of the year 2025.

He underlines that Bitcoin value proposition in fact does not change even if one or another candidate becomes a president. The fact that it is a decentralized, border-less and operates in a deflationary environment, makes it a favorite for investors especially during emergence of financial crises.

Conclusion: What’s Ahead and How Bitcoin Will Reach Six Digits

In conclusion, Steven Lubka’s assertive statement on Bitcoin’s future reflects a broader sentiment in the cryptocurrency community: which proves that it is on the way to increase its value even without some crucial political events such as the U. S. presidential election. Indeed, short-term fluctuations are normal, however, the long-term growth picture can be described as quite optimistic, with Bitcoin gearing up to hit six figures by 2025 thanks to institutions, spot ETFs, and the exceptional role of Bitcoin in today’s global finance.

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