Trump’s election chances could drive bitcoin’s price to $85,000, says Jon Najarian

As the 2024 elections approach, the future of Bitcoin remains a major topic of discussion.

In a recent discussion led by Roundtable host Rob Nelson, Market Rebellion Co-Founder Jon Najarian, and Gokhshtein Media founder David Gokhshtein, the three experts discussed the potential for Bitcoin’s year-end performance.

As the US presidential election approaches, it has been emphasized that the political results could significantly affect the course of Bitcoin in the coming months.

Nelson began the discussion by asking Jon Najarian if recent price action had changed his previous predictions. Najarian remained confident in his prediction, suggesting that bitcoin could reach around $85,000 by the end of the year. He emphasized that the political climate, particularly the potential impact of a Trump victory, is a major factor that could push bitcoin’s value even higher. Najarian pointed to the stark differences between the candidates’ stances on bitcoin, noting that a pro-bitcoin Trump presidency could significantly impact the market.

David Gokhshtein echoed Najarian’s view, predicting that bitcoin could rally to between $80,000 and $85,000 with a low of $70,000. Gokhshtein also highlighted the impact of Trump’s stance, suggesting that the former president’s optimistic and unfiltered stance on crypto could be a major catalyst for bitcoin. He stressed that Trump’s support for bitcoin, free from outside influence, could play a significant role in shaping market sentiment.

Vice President Kamala Harris has yet to announce an official policy position, and pro-crypto Democrats say she too will announce a pro-crypto shift ahead of the election.

The intersection of Bitcoin and politics will be closely watched as the year progresses, with many hoping for a significant rally in the digital currency despite the unpredictable landscape ahead.

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