Geoff Kendrick said: “We use Bitcoin’s daily trading volume and popular execution prices to estimate post-election price action. Our baseline forecast is that Bitcoin’s price will be close to $73,000 on election day. "

In addition, Kendrick also mentioned that if Donald Trump is elected president, the price of Bitcoin may rise by about 4% immediately after the election results are announced, and will rise further in the next few days, with a cumulative increase of 10%.  He believes that the dynamics of the Bitcoin options market provide clues to the short-term price trend after the election. Currently, the expiration date of many Bitcoin call options is set at December 27, with a strike price of $80,000, indicating that investors anticipate the possibility of a rapid rise in Bitcoin.

Currently, most of the major prediction platforms predict that Trump will win the election. According to data from multiple online gambling websites integrated by RealClearPolitics, 59% of bettors predict that Trump will become the new president. On the Polymarket platform, Trump is predicted to win. The probability of the Republican Party taking full power after a general victory is 75%.

An analysis team led by Geoffrey Kendrick pointed out in a report in September that the results of the US election will indeed have an impact on the cryptocurrency market, but this impact will not be as significant as when Biden was the Democratic candidate, and there is no market So grim as expected. He further stated:

“No matter who wins the U.S. election, Bitcoin is expected to hit new highs by the end of the year. If Donald Trump is elected, Bitcoin could soar to $125,000; if Kamala Harris wins, Bitcoin could The price target for the coin is likely to be around $75,000.