{"id":15978,"date":"2024-11-05T10:34:44","date_gmt":"2024-11-05T11:34:44","guid":{"rendered":"http:\/\/medexperts.pro\/?p=15978"},"modified":"2024-11-05T12:31:23","modified_gmt":"2024-11-05T12:31:23","slug":"bitcoin-and-crypto-promoted-by-trump-brace-for-election-volatility","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=15978","title":{"rendered":"Bitcoin and Crypto, Promoted by Trump, Brace for Election Volatility"},"content":{"rendered":"<div><\/div>\n<p id=\"article-summary\" class=\"css-79rysd e1wiw3jv0\">Many crypto investors hope that a victory for Donald Trump could propel the price of Bitcoin to new heights, though a loss could cause a fall.<\/p>\n<section class=\"meteredContent css-1r7ky0e\">\n<div class=\"css-s99gbd StoryBodyCompanionColumn\" data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">For months, cryptocurrency investors have been eagerly awaiting the presidential election, convinced that a victory for former President Donald J. Trump would be good for Bitcoin.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">On the campaign trail, Mr. Trump has promoted himself as a crypto believer, raising hopes that a Republican victory on Tuesday could send the prices of digital currencies soaring. Bitcoin surged to $73,000 late last month, close to its record, after an <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/10\/25\/technology\/polymarket-election-betting-crypto-trump.html\" title>influential crypto-powered betting market<\/a> gave Mr. Trump a 67 percent chance of winning the election.<\/p>\n<\/div>\n<\/div>\n<div data-testid=\"InteractiveBlock-1\">\n<section data-testid=\"inline-interactive\" id=\"bitcoin-price\" data-id=\"100000009804621\" data-source-id=\"100000009804621\" class=\"interactive-content interactive-size-scoop css-174j8de\">\n<div class=\"css-17ih8de interactive-body\" data-sourceid=\"100000009804621\" id=\"embed-id-100000009804621\">\n<p>.dw-chart-subhed {<br \/>\n  line-height: 1;<br \/>\n  margin-bottom: 6px;<br \/>\n  font-family: nyt-franklin;<br \/>\n  color: #121212;<br \/>\n  font-size: 15px;<br \/>\n  font-weight: 700;<br \/>\n}<\/p>\n<div class=\"dw-chart-subhed\">Price of Bitcoin over the past year<\/div>\n<\/div>\n<footer id=\"interactive-footer\" class=\"css-nt2azn interactive-footer\">\n<p data-testid=\"note\" id=\"interactive-notes\" class=\"css-1648plh interactive-notes\">Data as of Nov. 4<\/p>\n<p data-testid=\"source\" id=\"interactive-source\" class=\"css-1648plh interactive-source\">Source: Coinmarketcap<\/p>\n<p data-testid=\"credit\" id=\"interactive-credit\" class=\"css-1648plh interactive-credit\">By The New York Times<\/p>\n<\/footer>\n<\/section>\n<\/div>\n<div class=\"css-s99gbd StoryBodyCompanionColumn\" data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">The election results are poised to cause more volatility. Over the past week, Bitcoin\u2019s price fell 7 percent to roughly $68,000 as the betting odds shifted to give Mr. Trump a <a class=\"css-yywogo\" href=\"https:\/\/polymarket.com\/event\/presidential-election-winner-2024\/will-donald-trump-win-the-2024-us-presidential-election?tid=1730757891346\" title rel=\"noopener noreferrer\" target=\"_blank\">narrower lead<\/a> over Vice President Kamala Harris. Many crypto investors are hoping the price could rebound this week.<\/p>\n<\/div>\n<\/div>\n<div data-testid=\"Dropzone-3\"><\/div>\n<div class=\"css-s99gbd StoryBodyCompanionColumn\" data-testid=\"companionColumn-2\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">\u201cWe expect Bitcoin to break all-time highs on a Trump win,\u201d the investment management and research firm Bernstein said in a report on Monday, predicting that the digital currency could rise as high as $80,000 or $90,000. But if Ms. Harris wins, the report said, Bitcoin\u2019s price could fall as low as $50,000.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The election Tuesday is easily the most important political event in crypto\u2019s history. For the first time, the industry\u2019s leading companies have mobilized to invest enormous sums, funding a network of super PACs that have spent tens of millions of dollars in key congressional races. The results could determine whether crypto companies flourish in the United States, or end up decamping to other countries in the face of a regulatory crackdown in Washington.<\/p>\n<div class=\"css-1336jj\">\n<div class=\"css-121kum4\">\n<div class=\"css-171d1bw\"><\/div>\n<div class=\"css-asuuk5\">\n<div class=\"css-7axq9l\" data-testid=\"optimistic-truncator-noscript\">\n<div data-testid=\"optimistic-truncator-noscript-message\" class=\"css-6yo1no\">\n<p class=\"css-3kpklk\">We are having trouble retrieving the article content.<\/p>\n<p class=\"css-3kpklk\">Please enable JavaScript in your browser settings.<\/p>\n<\/div>\n<\/div>\n<div class=\"css-1dv1kvn\" id=\"optimistic-truncator-a11y\">\n<hr \/>\n<p>Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0<a href=\"https:\/\/myaccount.nytimes.com\/auth\/login?response_type=cookie&amp;client_id=vi&amp;redirect_uri=https%3A%2F%2Fwww.nytimes.com%2F2024%2F11%2F05%2Ftechnology%2Fcrypto-bitcoin-price-trump-election.html&amp;asset=opttrunc\">log into<\/a>\u00a0your Times account, or\u00a0<a href=\"https:\/\/www.nytimes.com\/subscription?campaignId=89WYR&amp;redirect_uri=https%3A%2F%2Fwww.nytimes.com%2F2024%2F11%2F05%2Ftechnology%2Fcrypto-bitcoin-price-trump-election.html\">subscribe<\/a>\u00a0for all of The Times.<\/p>\n<hr \/>\n<\/div>\n<div class=\"css-1g71tqy\">\n<div data-testid=\"optimistic-truncator-message\" class=\"css-6yo1no\">\n<p class=\"css-3kpklk\">Thank you for your patience while we verify access.<\/p>\n<p class=\"css-3kpklk\">Already a subscriber?\u00a0<a data-testid=\"log-in-link\" class=\"css-z5ryv4\" href=\"https:\/\/myaccount.nytimes.com\/auth\/login?response_type=cookie&amp;client_id=vi&amp;redirect_uri=https%3A%2F%2Fwww.nytimes.com%2F2024%2F11%2F05%2Ftechnology%2Fcrypto-bitcoin-price-trump-election.html&amp;asset=opttrunc\">Log in<\/a>.<\/p>\n<p class=\"css-3kpklk\">Want all of The Times?\u00a0<a data-testid=\"subscribe-link\" class=\"css-z5ryv4\" href=\"https:\/\/www.nytimes.com\/subscription?campaignId=89WYR&amp;redirect_uri=https%3A%2F%2Fwww.nytimes.com%2F2024%2F11%2F05%2Ftechnology%2Fcrypto-bitcoin-price-trump-election.html\">Subscribe<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Many crypto investors hope that a victory for Donald Trump could propel the price of Bitcoin to new heights, though a loss could cause a fall.For months, cryptocurrency investors have been eagerly awaiting the presidential election, convinced that a victory for former President Donald J. Trump would be good for Bitcoin.On the campaign trail, Mr. Trump has promoted himself as a crypto believer, raising hopes that a Republican victory on Tuesday could send the prices of digital currencies soaring. Bitcoin surged to $73,000 late last month, close to its record, after an influential crypto-powered betting market gave Mr. Trump a 67 percent chance of winning the election.<\/p>\n<p>.dw-chart-subhed {<br \/>\n line-height: 1;<br \/>\n margin-bottom: 6px;<br \/>\n font-family: nyt-franklin;<br \/>\n color: #121212;<br \/>\n font-size: 15px;<br \/>\n font-weight: 700;<br \/>\n}<\/p>\n<p>Price of Bitcoin over the past year<br \/>\nData as of Nov. 4Source: CoinmarketcapBy The New York TimesThe election results are poised to cause more volatility. Over the past week, Bitcoin\u2019s price fell 7 percent to roughly $68,000 as the betting odds shifted to give Mr. Trump a narrower lead over Vice President Kamala Harris. Many crypto investors are hoping the price could rebound this week.\u201cWe expect Bitcoin to break all-time highs on a Trump win,\u201d the investment management and research firm Bernstein said in a report on Monday, predicting that the digital currency could rise as high as $80,000 or $90,000. But if Ms. Harris wins, the report said, Bitcoin\u2019s price could fall as low as $50,000.The election Tuesday is easily the most important political event in crypto\u2019s history. For the first time, the industry\u2019s leading companies have mobilized to invest enormous sums, funding a network of super PACs that have spent tens of millions of dollars in key congressional races. The results could determine whether crypto companies flourish in the United States, or end up decamping to other countries in the face of a regulatory crackdown in Washington.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":15980,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-15978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/15978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15978"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/15978\/revisions"}],"predecessor-version":[{"id":15981,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/15978\/revisions\/15981"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/15980"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}