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The 2024 US presidential election might impact the future of Bitcoin and other cryptocurrencies, with the stance of the winner on crypto rules and regulations being key, according to the founder of TYMIO Yield and TYMIO Protect, Georgii Verbitskii. However, Verbitskii believes Bitcoin reaching $100,000 is inevitable due to factors beyond politics, such as growing national debts and the rising federal budget. Regardless of whether Trump or Harris wins, a trend towards more crypto-friendly regulations is anticipated, which could spur a surge in decentralized finance, while Bitcoin continues to be viewed as a safe haven from traditional financial market instabilities.

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Check it out, this piece is by the founder of TYMIO Yield and TYMIO Protect, Georgii Verbitskii.

So, the 2024 US presidential election has got everyone wondering how the future of Bitcoin and other digital coins might look, depending on who gets the big seat. With a growing number of US folks holding Bitcoin and altcoins, we should all expect the winner to take a stance on crypto rules and regulations.

Whether we’re talking about ex-President Trump or VP Kamala Harris grabbing the top spot, it looks like Bitcoin charging towards $100,000 is kinda unavoidable, given how factors beyond politics are pushing it along.

So, if Trump gets back into office, many people are predicting a soar in Bitcoin value. He’s certainly not shy about making big promises regarding Bitcoin, including possibly adding it to the US reserves, which has got a lot of crypto enthusiasts excited.

Many believe that Trump’s administration would focus on cutting down the regulatory hurdles that stand in the way of cryptocurrency innovation, making the US the go-to place for digital finance. This aligns quite nicely with Trump’s overall economic plans that seem to be about reducing government control over financial markets to boost innovation.

On the flip side, if Harris wins, the market is more likely to have a chill reaction. She’s not making any direct crypto promises, but she’s all about consumer protection and preventing financial crimes. Under Harris, there would probably be a continued search for the perfect balance between protection for users and not stifling innovation.

Her fans – particularly those with progressive views – want clear regulations that would make the crypto world more open and reduce the risk of fraud and manipulation. And while folks are keen to see crypto used in ways that could benefit underprivileged communities, they want this done cautiously due to over-speculation.

Regardless of who wins, it’s pretty clear that 2025 could be the year for more crypto-friendly regulations. This trend towards transparent and crypto-friendly rules cannot be denied – it’s going to play a vital role in Bitcoin’s future.

Now, the key driver that may bump up the price of Bitcoin isn’t so much the election but more the current shake-up in the global finance scene.

Deepening national debt, which has already toppled $105,000 for each US citizen, plus the growing federal budget, have made the traditional assets scene pretty unstable.

Bitcoin, backed by decentralization and a limited supply, is seen as a safe haven from these uncertainties. That’s why so many investors are heading towards Bitcoin.

Another thing pushing the growth of Bitcoin is regulatory clarity, especially when looking at the world of decentralized finance or DeFi.

While Bitcoin continues to avoid any run-ins with the Securities and Exchange Commission who, see it as a commodity like gold or oil, the overall laws around DeFi and crypto, in general, are still a little hazy.

With authorities focusing on developing clearer rules for the industry, the hope of more crypto-friendly laws could spark a DeFi revolution.

Transparency would not only put investors at ease but could kick off new levels of innovation and increase the use of crypto, driving up the cost of Bitcoin.

It’s worth noting that worries about centralization have come into play as big players like BlackRock and MicroStrategy have picked up significant Bitcoin holdings.

However, Bitcoin remains decentralized, mostly due to miners and the developer community, which means nobody can control its network – one reason it stays at the top of the crypto chart.

Even though the price of Bitcoin may wobble if a large holder dumps part of their holdings, such hiccups are temporary and won’t fundamentally change Bitcoin’s trajectory.

Plus, the greenlight of Bitcoin exchange-traded funds (ETFs) was a game-changer for the finance world, bridging old-school finance and the crypto market.

Ever since the launch of spot Bitcoin ETFs, the price of Bitcoin has been quite stable, hanging mostly over $58,000, which is a big deal given its history of ups and downs.

Products based on Bitcoin like ETFs, encourage big money to get into the market. Bitcoin’s inherent value allows it to thrive under various conditions, no matter who becomes the next US president.

So, even with changes in regulation or economic uncertainty, Bitcoin can make the most out of other markets’ instability. There’s a good chance its price will go up and hit $100,000 as the potential for friendlier regulations and Bitcoin’s role as a safety net against unstable finance become clearer.

Georgii Verbitskii is the brains behind two crypto investor apps, TYMIO Yield, which uses the concept of limit orders with yield, and TYMIO Protect to reduce risks. Both apps make managing crypto assets more effective and user-friendly, even for newbies.

This write-up is purely for informational purposes and should not be taken as legal or investment advice. The views and thoughts expressed here are only those of the author and do not reflect or represent the views and opinions of Cointelegraph.