Originally published on: October 10, 2024
As the United States election approaches, the fate of cryptocurrencies remains uncertain. However, according to Dan Tapiero, founder of 10T Holdings, Bitcoin is on a bullish trajectory and is likely to reach $100,000 per coin, regardless of the election outcome.
During a panel discussion at the Permissionless conference in Salt Lake City, Utah, Tapiero expressed his confidence in Bitcoin’s future. He stated, “I don’t think it really matters. Everything is going up now. The election will pass. Bitcoin is a proxy for cryptocurrency generally, and I believe it will head to $100,000 relatively soon, and other assets will follow.”
While the US presidential election features Republican nominee Donald Trump, who has shown interest in making America a crypto-friendly nation, and Democrat Kamala Harris, whose stance on the industry remains unclear, Tapiero believes that Bitcoin’s price will benefit from the election regardless of who wins.
With the recent surge of institutional money flowing into Bitcoin and Ethereum funds, the momentum behind blockchain technology is undeniable. Tapiero emphasized, “This move toward putting all value on a Blockchain is bigger than one election. And so I think the tide continues and it rolls, and it’s also global.”
Despite the political uncertainties surrounding the election, Bitcoin’s performance has historically seen significant gains following major events like the halving. As investors eagerly await the election results, the future of Bitcoin remains promising, with $100,000 per coin within reach.
Don’t miss out on the latest insights and trends in the market. Subscribe to our Markets Outlook newsletter to stay informed about investment opportunities and trading strategies. By subscribing, you agree to our Terms of Services and Privacy Policy.
