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The impact of the 2024 U.S. presidential election on Bitcoin (BTC) depends significantly on whether Donald Trump or Kamala Harris wins. Both candidates offer different advantages and challenges for BTC.

If Trump wins, many experts, including those from Standard Chartered and VanEck, predict a strong boost for Bitcoin. Trump’s pro-business and deregulation stance is expected to favor the broader crypto industry. This environment could result in less regulatory pressure, attracting more institutional investment and potentially pushing Bitcoin to levels around $125,000 or even $400,000, as some experts believe. Furthermore, Trump’s previous openness to Bitcoin suggests that his administration could embrace policies that would support Bitcoin as a global asset  .

On the other hand, if Kamala Harris wins, the scenario could be different but not necessarily negative for Bitcoin. While her administration might maintain stricter regulations, which could slow down BTC’s growth, there could still be clarity and progress on regulatory frameworks that provide long-term stability. Harris’s presidency might push Bitcoin’s price to more modest targets, such as $75,000 to $150,000. The focus would likely be on integrating cryptocurrencies within a controlled regulatory environment  .

Overall, regardless of the election outcome, macroeconomic factors like liquidity, institutional interest, and global trends toward de-dollarization will continue to play a significant role in BTC’s trajectory  .

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