Economist Alex Krüger is revealing his eventualities for Bitcoin (BTC) throughout election night time within the US, saying {that a} quick transfer may very well be coming for crypto markets.
The dealer tells his 185,000 followers on the social media platform X that within the occasion of a Trump victory on election night time, Bitcoin may “shoot straight up” instantly after.
If Kamala Harris comes out on high, Krüger says that Bitcoin will doubtless right, however solely briefly earlier than a transfer upward.
“Easy elections framework for Bitcoin
Trump win: BTC $90,000 by year-end, likelihood 55%.
Harris win: BTC $65,000 by year-end, likelihood 45%.
Weighted common: $79,000.
Anticipate the transfer to be quick if Trump wins. Markets hardly ever anticipate laggards on binary occasions not largely front-run…
Trump win: shoot straight up.
Harris win: down then up.
Timing issues enormously if operating leverage or getting in massive.”
The economist says that within the occasion of a Trump victory, his fundamental play for the night time might be to go lengthy on Solana (SOL), Ethereum’s (ETH) largest rival.
“That is how I’m desirous about the market. Numerous folks disagree. That’s why now we have a market. I’m going into election night time very lengthy spot, with no leverage, principally allotted to Bitcoin (and Nvidia). My fundamental election night time play if Trump wins might be lengthy SOL.”
At time of writing, SOL is buying and selling at $165.
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