It could initially spark a boost in the cryptocurrency market, potentially reaching values between $92,000 and $100,000 within 2024. By contrast, a victory for Harris might exert some initial downward pressure on prices. The election outcome is expected to significantly impact the crypto landscape over the next few months. Over the longer term, a Trump presidency could lead to price fluctuations between $92,000 and $105,000, possibly paving the way for new record highs. Meanwhile, under a Harris administration, the market might hover between $52,000 and $72,000, with the potential for a steady upward trend that could eventually drive prices past $102,000.
This forecast takes into account each candidate's stance on inflation, with Harris potentially favoring liquidity support for specific sectors, which could have a lasting influence on the crypto market. Currently, Polymarket data shows Trump with a 58% chance of winning, while Harris stands at 42%. However, polling suggests Harris has a slight lead over Trump, leaving the final outcome—and its impact on cryptocurrency—uncertain until the official results are in.