Financial expert Alex Krüger is sharing his predictions for Bitcoin (BTC) during the US election night, suggesting that a significant move could be on the horizon for crypto markets.
The analyst informs his 185,000 followers on the social media platform X that if Trump emerges victorious on election night, Bitcoin could experience a rapid surge immediately after.
If Kamala Harris wins, Krüger believes that Bitcoin may see a temporary correction before resuming an upward trajectory.
“Here’s a simple election scenario for Bitcoin:
Trump win: BTC at $90,000 by year-end, with a 55% probability.
Harris win: BTC at $65,000 by year-end, with a 45% probability.
Weighted average: $79,000.
Expect a swift reaction if Trump wins. Markets tend to react quickly to binary events that are not already priced in…
Trump win: immediate surge.
Harris win: initial dip followed by an upward movement.
The timing is crucial if using leverage or making significant investments.”
The economist indicates that in the event of a Trump victory, his primary strategy will involve going long on Solana (SOL), Ethereum’s main competitor.
“This is my market approach. While many may disagree, that’s the beauty of the market. I will enter election night with a long position in Bitcoin (and Nvidia) without leverage. If Trump wins, my focus will be on going long on SOL.”
Currently, SOL is priced at $165.
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Image Source: Midjourney