Whether Donald Trump or Kamala Harris becomes president, Bitcoin’s march toward $100k seems inevitable, driven by underlying factors that transcend the political landscape.
Nonetheless, the 2024 U.S. presidential election has raised debates about how both candidates might shape the future of cryptocurrencies, particularly Bitcoin.
With the growing number of BTC and altcoin holders in the United States, any winner would make crypto regulation a key issue.
If Trump secures the presidency, many expect a Bitcoin rally. His bold promises, including the possibility of adding BTC to the U.S. reserves and the attempt to promote the World Liberty Financial token, have raised pro-crypto sentiment.
A Trump administration will likely focus on reducing regulatory barriers to cryptocurrency innovations, positioning the U.S. as a global hub for digital finance.
This pro-crypto sentiment aligns with Trump’s broader economic policies, prioritizing reducing governmental control over financial markets and encouraging innovation.
On the other hand, Harris’s victory is predicted to trigger a more neutral market response. She does not make direct promises about crypto but works toward ensuring consumer protection and the prevention of financial crimes.
Harris’s administration would probably still insist on maintaining the right balance of protection against risks for users without deterring innovation.
Her supporters, progressives, most of all, are for clear regulations that allow the crypto market to be more transparent, hence permitting financial inclusion while reducing the risk of fraud and manipulation.
Yet, people would still wish to see crypto employed in ways that could empower underserved communities, but with caution due to over-speculation.
Regardless of the outcome, one thing remains clear: 2025 can be the year of more comprehensive and favorable crypto regulations. The trend toward transparent and pro-crypto regulatory frameworks cannot be denied, which will be critical for Bitcoin’s future.
The primary factor that may drive BTC’s price up is not the election itself but rather the current instability in the global financial system.
The growing national debt, which has already surpassed $105,000 for every U.S. citizen, and increasing budget spending have established a fragile environment for traditional assets.
Bitcoin, with its decentralized and limited supply, is viewed as a hedge against these uncertainties. Investors are seeking refuge from inflationary pressures and potential financial instability, which is why they are turning to Bitcoin.
Another significant driver of Bitcoin’s growth is regulatory clarity, especially in decentralized finance. While BTC has largely escaped prosecution from the SEC, which classifies it as a commodity similar to gold or oil, the overall regulatory environment for DeFi and tokens remains uncertain.
The government’s focus on creating clearer industry frameworks and the expectation of favorable laws could trigger a DeFi revolution.
Concerns about centralization have been raised as large entities like the U.S. government, BlackRock, and MicroStrategy have acquired substantial BTC holdings. However, Bitcoin remains decentralized, mostly thanks to being driven by miners and the developer community.
The decentralized nature of Bitcoin’s infrastructure ensures that no one can control its network—one of the reasons it still preserves its position as the number one cryptocurrency.
While BTC can experience volatility if a major holder sells off a portion of their holdings, these events will be temporary and cannot fundamentally change Bitcoin’s path to supremacy.
Since the launch of the ETF , Bitcoin’s cost has stabilized, mostly staying above $58,000, which is significant given its previous volatility.
Introducing Bitcoin-based financial products, such as ETFs, encourages institutional money to enter the market, further supporting Bitcoin’s price and its way toward the $100k goal.
Bitcoin’s inherent value enables it to thrive in both positive and negative scenarios, no matter who becomes the next U.S. President.
Despite regulatory changes or economic uncertainty, Bitcoin can benefit from the instability that plagues other markets.
As favorable regulations loom and Bitcoin’s role as a hedge against financial instability becomes clearer, its price is becoming increasingly likely to rise and reach $100k.