Economist Alex Krüger is revealing his eventualities for Bitcoin (BTC) throughout election evening 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 evening, Bitcoin might “shoot straight up” instantly after.
If Kamala Harris comes out on high, Krüger says that Bitcoin will seemingly appropriate, 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.
Count on 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 vastly if operating leverage or getting into large.”
The economist says that within the occasion of a Trump victory, his most important play for the evening shall be to go lengthy on Solana (SOL), Ethereum’s (ETH) largest rival.
“That is how I’m fascinated about the market. A lot of folks disagree. That’s why we now have a market. I’m going into election evening very lengthy spot, with no leverage, largely allotted to Bitcoin (and Nvidia). My most important election evening play if Trump wins shall be lengthy SOL.”
At time of writing, SOL is buying and selling at $165.
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