Bitcoin Predictions for Election Week: Experts Weigh In

With the United States presidential election almost upon us, crypto industry analysts and experts have been busy with their predictions for the volatile week ahead. There will be a new president in the White House this week, and the victor will have a huge impact on the crypto landscape in the United States over the next few years. Regardless of who wins, we should see elevated volatility in the coming days. Capriole Fund founder Charles Edwards opined that he didn’t think there would be much of a dip if Kamala Harris wins. Meanwhile, analyst Miles Deutscher said that it “feels like the market is scared of a Kamala win and is de-risking ahead of the election.” Daan Crypto Trades told his 390,000 X followers on Nov. 4 that there is a “good probability” that $BTC prices will see “at least a 10% move to either direction depending on who ends up winning the election this week.” Bitcoin pioneer Anthony Pompliano held a poll with the majority of the 16,000 voters thinking Donald Trump will win. However, the results are skewed due to the majority of his followers being into crypto. Investor and tech entrepreneur Mike Alfred observed that in every previous cycle, Bitcoin has made a low price the week of the US election that has never been revisited again. The latest Polymarket poll has Trump leading in four of the six key swing states which could influence the final outcome of the election. Overall, the blockchain betting platform has Trump leading with a 54.8% chance, while Harris has 45.1% for the national polls.