Can Bitcoin (BTC) Reach $100,000 if Donald Trump Becomes US President Again (ChatGPT Speculates)

Turkish lire; Dr

• Donald Trump promises to support Bitcoin mining and cryptocurrencies if elected, which could send Bitcoin prices higher (according to ChatGPT).
• Broader economic conditions, such as inflation and Federal Reserve policies, may significantly impact asset valuations in the future.

What are the opportunities for Bitcoin?

The US presidential elections scheduled for November of this year are expected to witness a competitive battle between current President Joe Biden and Republican candidate Donald Trump. The latter recently foot He considers himself the right choice for crypto enthusiasts, and has promised to let Bitcoin (BTC) and the industry flourish if he returns to the White House.

Having said that, we decided to ask ChatGPT whether the price of the leading digital asset could reach $100,000 if Trump becomes the 47th president of America. The AI ​​chatbot estimated that its potential win could actually send Bitcoin prices higher:

“A Trump presidency may impact regulatory policies towards cryptocurrencies. If the administration adopts a more favorable stance on cryptocurrencies, this could positively impact the price of Bitcoin.”

ChatGPT also claimed that BTC's valuation could head north if Trump sticks to his promises regarding the cryptocurrency sector. It is recently Pledge To increase Bitcoin mining efforts in the United Statesexplaining the process as “the last line of defense against central bank digital currencies.” Earlier this year, the billionaire said that a digital dollar would be “very dangerous,” adding that he would never allow it to be created (if he wins the election).

Latest opinion polls Indicates Donald Trump currently leads Biden by a narrow margin: 41% compared to 40% for his main competitor. Robert Kennedy, who received 9.2% of voter support, came in third place.

Additional factors

ChatGPT emphasized that Trump's possible election as the next president of the United States is not the only element to Feed the rise in BTC prices. Broader economic conditions, such as inflation, geopolitical stability, and monetary policy, can also play a large role.

One of the key issues closely monitored by the Federal Reserve is inflation in the United States, which targets an annual rate of 2%. Once this ratio is reached (or even earlier), the central bank may shift away from its aggressive anti-inflationary regime and cut interest rates.

The standard is currently It is placed at 5.25%-5.50% and some industry participants Expect The cryptocurrency market is heading north once the Fed lowers this number. After all, this will make borrowing money cheaper, and potentially more the Interest on riskier assets such as BTC and the Alternative coins.

Earlier this week, the US Bureau of Labor Statistics released its latest report, an offer That inflation in America came Lower than expected for May. However, the Federal Reserve decided to keep interest rates unchanged: a step He follows Due to the decline in the price of BTC.