Viewpoint: Regardless of the outcome of the US presidential election, Bitcoin is expected to rise to six figures by 2025.

Industry insiders believe that despite the increasing partisan sentiments in the cryptocurrency industry, Bitcoin will thrive in the long term regardless of the winner of the US presidential election in November. Steven Lubka of Swan Bitcoin stated that whoever wins the November election, the price of Bitcoin is almost certain to reach six figures by 2025, adding, 'Bitcoin has always been an investment rooted more in the fiscal and monetary condition of various countries, sovereign states, and the US, and neither candidate has changed that.' James Davies of Crypto Valley Exchange believes that even if Harris is elected president, it will not significantly affect the price of Bitcoin. Crypto startups may face greater challenges, but the industry will continue to progress and thrive. Lubka agrees that some observers 'overestimate the risk of Harris becoming president,' as the cryptocurrency industry faced hostility during the Biden administration. However, he added, 'All signs we see of Harris becoming president indicate that the cryptocurrency rhetoric of the Biden era is gradually degrading.' 'The election results have minimal impact on the performance of Bitcoin in the next 12 to 18 months,' said Tyrone Ross, founder and CEO of registered investment advisor 401 Financial, 'Many companies are still operating through ETF channels, interest rates are about to decline, and retail trading at centralized custodians is at a low. It will certainly be more difficult for young startups, but as an emerging institution-grade quality asset, it will continue to prove itself regardless of who is in power.' Daniel Cawrey, Chief Strategy Officer of crypto wallet operator Tonkeeper, stated that depending on the final winner in November, the crypto market may experience a short-term rally or a flat response, but regardless, the crypto market has already shown signs of improvement this election season. After hitting a historical high of $73,000 in March, the trading price of Bitcoin remained between $55,000 and $70,000 for most of 2024. Investors generally expect the price of Bitcoin to remain subdued until US voters decide on the next president. However, recent election news has had a minor impact on Bitcoin prices, with Bitcoin prices being more influenced by macroeconomic developments. (CNBC)