As the 2024 election approaches, bitcoin’s future remains a key topic of debate.
In a recent discussion led by Roundtable anchor Rob Nelson, Jon Najarian, Co-Founder at Market Rebellion and Gokhshtein Media founder David Gokhshtein, a trio of experts discussed bitcoin’s potential year-end performance.
With the U.S. presidential election on the horizon, they highlighted how political outcomes could significantly impact bitcoin’s trajectory in the coming months.
Nelson began the discussion by asking Jon Najarian whether recent price movements had altered his earlier predictions. Najarian confidently maintained his forecast, suggesting that bitcoin could reach approximately $85,000 by the end of the year. He emphasized the role of the political climate, particularly the potential impact of a Trump victory, as a significant factor that could drive bitcoin’s value higher. Najarian pointed to the stark differences between the candidates on their stance toward bitcoin, noting that a pro-bitcoin Trump presidency could significantly influence the market.
David Gokhshtein echoed Najarian’s outlook, estimating that bitcoin could rise to between $80,000 and $85,000, with a lower bound of $70,000. Gokhshtein also stressed the influence of Trump’s stance, asserting that the former president’s bullish and unfiltered attitude toward crypto could be a major catalyst for bitcoin. He highlighted that Trump’s support for bitcoin, free from external influence, could play a crucial role in shaping market sentiment.
Vice President Kamala Harris has yet to make a formal policy position clear. Democrats who are pro-crypto say that she too will announce a pro-crypto shift ahead of the election.
As the year unfolds, the intersection of bitcoin and politics will be closely watched, with many hoping for a significant rally in the digital currency despite the unpredictable landscape ahead.
