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.
Table of Contents
Market Analysis and Updates ๐
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.
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.
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 ๐ต๐ญ
- 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 ๐
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 ๐
- With the recent up and down of leading cryptocurrency Bitcoin, check out these books to better understand the market.
Regulation Watch ๐
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 ๐ฆ
- 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 ๐ก
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 ๐ฎ
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 ๐
Donโt Miss Out: Upcoming events, webinars, and meetups in the crypto space!
- Bicol Blockchain Conference: October 26, 2024
- Traderโs Fair- Davao: October 26, 2024
- PH Startup Week: November 11. 2024
- Manila Bootcamp | Hackers League Hackathon: November 15, 2024
- YGG Play Summit: November 19-23, 2024
- Base Manila Meetup: November 20, 2024
Stay Connected:
- Follow us on Twitter ๐ฆ
- Check us out on Facebook!
- Join our Telegram group for real-time discussions!
Weโd 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