Alex Kruger, an economist from the US who specializes in crypto-markets, revealed his scenario for Bitcoin during US election night. He said that there could be a quick move for cryptocurrency markets.
A trader told his 185,000 social media followers that if Trump won the election on Election Night, Bitcoin would “shoot up straight” afterward.
Kruger predicts that Bitcoin’s price will correct if Kamala Harris wins, but it is only a temporary correction before the move up.
“Simple Election Framework for Bitcoin
Trump victory: BTC 90,000 in the year’s end, with probability of 55%.
Harris wins: BTC 65,000 by the end of the year, with a probability of 45%.
Average weighted: $79,000.
If Trump wins, expect a quick move. The markets rarely wait on laggards when it comes to binary events that are not mostly front-run…
Trump wins: Shoot straight up.
Harris wins: Down then up
The timing is crucial when deciding whether to run leverage or go in large.
In the event that Trump wins, the economist’s main strategy for the evening will be to buy Solana (SOL), Ethereum (ETH’s) largest rival.
This is what I think about the markets. Many people are in disagreement. We have markets because of this. I am going to be very long on election night, without leverage and with a lot of money allocated towards Bitcoin (and Nvidia). If Trump wins, my main play will be to go long SOL .”
SOL currently trades at $165.
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The post Alex Kruger, Economist Unveils Bitcoin Election Prediction: BTC could ‘Shoot Up Straight’ — Here’s why may change as new information becomes available.
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