Bitwise’s head of alpha strategies, Jeff Park, projects that a Trump win in the 2024 U.S. election could push BTC prices toward the $92,000 mark. Park isn’t alone in this prediction; a number of analysts and financial institutions are entertaining similar thoughts.
Could Trump’s 2024 Victory Send Bitcoin Soaring to $92K? This Bitwise Exec Thinks So
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Bitwise Head of Alpha Strategies Jeff Park’s Bold Bitcoin Projection
If Donald Trump secures victory in the U.S. election, bitcoin ( BTC) prices could experience a significant rise from their current levels, according to Bitwise’s head of alpha strategies. Earlier this week, Bitwise executive Jeff Park stated, “Charting BTC price against Trump’s odds (via Polymarket) from 8/15 to 10/20 reveals some wild swings—particularly when Harris and Trump took turns leading.”
Park added:
By applying merger arb-style probability math, I project a Trump victory could push BTC to ~$92,000. Take that as you will.
A user responded to Park’s X post with enthusiasm, saying, “+30%. I’m in for it.” Meanwhile, others were curious about his calculations. “Details on the math for those of us quantitatively inclined?” inquired bitcoin advocate Fred Krueger. Park isn’t the only Bitwise executive feeling optimistic about BTC’s price—Matt Hougan, the company’s CIO, also anticipates much higher numbers.
In September, Hougan stated:
Bitcoin is the ultimate insurance policy against our government royally messing up the U.S. dollar.
Bitwise executives aren’t alone in their optimism about BTC, especially if Trump takes the win. Financial heavyweights at Bernstein and Standard Chartered also believe a Trump victory would boost BTC prices. Even several generative artificial intelligence (AI) chatbots forecast better BTC outcomes under a Trump administration. On the flip side, both Bernstein and Standard Chartered predict lower prices if Harris assumes office, a sentiment also echoed by the majority of chatbots in our recent AI-powered experiment.
