According to Standard Chartered analysts, Bitcoin’s price could briefly drop below $60,000 in October. This could create favorable conditions for investors anticipating Donald Trump’s victory in the upcoming U.S. presidential election.
If Trump wins, investors will have a chance to buy Bitcoin at a lower price, as his improving prospects in the election race may drive market sentiment. On the Polymarket platform, the probability of his victory has increased by 1%. Analysts also note that Trump’s victory could lead to increased interest in cryptocurrencies, especially amid potential instability in traditional financial markets caused by political shifts.
Standard Chartered outlines two possible scenarios for Bitcoin. If Harris wins, the price may initially drop but then rise, linked to changes in economic policies. If Trump wins, Bitcoin will likely start rising immediately, as his policies could stimulate demand for alternative assets, including cryptocurrencies. This could become part of a broader trend of digital asset growth amid global economic uncertainties.
Thus, the current period could be crucial for those looking for the right moment to enter the Bitcoin market.
