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This is the Price of Bitcoin if Trump Wins — Bitwise Executive | Key Points | Oct. 24, 2024

Photo for the Article - This is the Price of Bitcoin if Trump Wins -- Bitwise Executive | Key Points | Oct. 24, 2024

GM. Welcome back to BitPinas Key Points: easily digestible news in concise formats for easy reading. In today’s daily recap: what is the Bitcoin price if Trump wins? A Bitwise exec has a price prediction.

Plus the latest crypto news stories in the last 24 hours.


Market Analysis and Updates ๐Ÿ“ˆ

Here are the crypto highlights of the day:

Crypto Price Update

  • Bitcoin (BTC): $66,860.55, up 0.5% over the last 24 hours.
  • Ethereum (ETH): $2,571.51, down 1.8% over the last 24 hours.
  • Solana (SOL): $164.71, up 0.1% vs the previous day.

Trending Coins Update

  • Aragon: $28.85, up 264.7% vs the previous day.
  • Cardano: $0.3409, down 4.6% over the last 24 hours.
  • Toncoin: $5.12, down 1.1% vs the previous day.
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For the daily price update, check out our post on Facebook.


Feature News: Bitwise’s “Up Only” Price Prediction for Bitcoin if Trump Wins

Jeff Park, the Head of Alpha Strategies at asset management firm Bitwise is forecasting a $92,000 Bitcoin price if Donald Trump wins the 2024 U.S. presidential election.

How did he come up with the price: He said he used “merger arb-style probability math” and also posted the chart below. He compared Bitcoin’s price with Trump’s odds on Polymarket, a crypto betting platform.

Photo for the Article - This is the Price of Bitcoin if Trump Wins -- Bitwise Executive | Key Points | Oct. 24, 2024

But why Trump? The Donald has made itself clear that he is the “pro-crypto” candidate. He pledged that the U.S. will be the crypto capital and that he will fire SEC chair Gary Gensler on day 1.

For those I have interviewed in the past, they know that I almost always end my interviews with a Bitcoin price prediction.

Here’s the article: Bitcoin Could Reach $150K This Year, Say Industry Leaders


Philippine Crypto News ๐Ÿ‡ต๐Ÿ‡ญ

Photo for the Article - This is the Price of Bitcoin if Trump Wins -- Bitwise Executive | Key Points | Oct. 24, 2024
  • BitPinas article: Web3 Metaversity officially launched during the Open Campus Day.
  • BitPinas article: Crypto lawyer Nadaine P. Tongco-Edades was named one of theย  finalist in three major categories at the 2024 ALB Philippine Law Awards.ย 
  • YGG staking is now live.

Noteworthy ๐ŸŒŸ

Key updates and announcements from around the crypto and blockchain world:

  • Sasha Plotvinov, founder of Notcoin, highlights that both Binance and smaller developers are drawn to Telegram for gaming due to low user acquisition costs.
  • Analysts say that the SEC’s approval of options on spot Bitcoin ETFs is set to increase asset volatility.
  • Concerns about quantum computers breaching crypto encryption are currently overstated, but experts stress the need for a shift to post-quantum cryptography for future protection.

Educational Corner ๐ŸŽ“

Photo for the Article - This is the Price of Bitcoin if Trump Wins -- Bitwise Executive | Key Points | Oct. 24, 2024

Regulation Watch ๐Ÿ“œ

Stay informed about the latest regulatory updates and what they mean for you:

  • Tether CEO Paolo Ardoino expressed optimism that the U.S. will soon establish sensible crypto regulations
  • Rep. French Hill is optimistic that crypto market structure and stablecoin bills could be considered during the 2024 lame duck session.
  • The SECadded cryptocurrencies, particularly spot Bitcoin and Ethereum ETFs, to its examination priorities for 2025.

Community Spotlight ๐Ÿ”ฆ

Photo for the Article - This is the Price of Bitcoin if Trump Wins -- Bitwise Executive | Key Points | Oct. 24, 2024
  • She co-founded the AI education platform 10xMe, which was later acquired by YGG Pilipinas.
  • She is currently a co-lead at YGG Pilipinas’ Web3 Metaversity, a program aimed at providing education and upskilling opportunities in web3, AI, and blockchain technologies.
  • Recently, she sat down with BitPinas for a brief interview where she and her co-lead Jenna Ilao talked about the future of work.

More Web3 and AI News ๐Ÿ’ก

Discover the latest in web3 and AI innovation.

  • Magic Eden added BeraChain and ApeChain, targeting ten supported blockchains by year-end and planning to integrate Monad after its testnet launch.
  • Buenos Aires incorporated zero-knowledge proofs into its app for accessing city services.
  • Azura, backed by Winklevoss twins, launched a simplified DeFi platform after raising $6.9 million.

Web3 Gaming Section ๐ŸŽฎ

The future of web3 is gaming, and here are the latest news.

  • XProtocol’s Smash Quest quickly attracted over 1 million players on Telegram within its first week.
  • NetVRk launched an AI-powered metaverse using Unreal Engine 5, allowing users to build, interact, and monetize through advanced AI companions and web3 integration.
  • Pudgy Penguins‘ new trading card game, Vibes, set to launch in Q4 2024 with $2M in funding.

Event Announcements ๐Ÿ“…

Donโ€™t Miss Out: Upcoming events, webinars, and meetups in the crypto space!


Stay Connected:

Weโ€™d love to hear from you! Reply with your thoughts or questions.

This article is published on BitPinas: This is the Price of Bitcoin if Trump Wins — Bitwise Executive | Key Points | Oct. 24, 2024

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