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Crypto experts predict that a Trump victory could boost the crypto market. However, they warn of volatility around the election period. Traders are prepping for price changes around the election, with some betting big, while others are cautious about potential risks. Swyftx analyst Pav Hundal believes Bitcoin is on track to hit six figures, regardless of the election outcome. However, the post-election environment remains uncertain. Experts recommend a diversified strategy, advising investors to do their homework before investing. Notably, Bitcoin is forecasted to thrive irrespective of the election outcome.

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So, here’s the deal: if Trump wins the election on November 5, a bunch of crypto pros are saying it could give us a mega boost in the crypto market. But they’re also warning that it might not be that simple, and we should keep our guards up around the time of the election due to other factors.

Swyftx analyst Pav Hundal thinks a Trump victory could really excite the markets, but warns it could get extra shaky during election time. Nick Forster, founder of Derive, also advises that this isn’t a time to throw caution to the wind, given the volatile market. While there could be gains, there are also big risks involved.

Referencing Derive’s data, Forster says traders are prepping for notable price changes around the election. Some are betting big, hoping for a crypto boom, but he says things could sour quickly depending on how the election swings.

Bitcoin’s been performing well lately, up 7.62% since October 23, and coming in close to its highest ever value from March. But, Hundal isn’t convinced the election result will be the major push that gets Bitcoin to $100K. Hundal thinks Bitcoin is on track to hit six figures no matter who wins the vote; he and 10T Holdings founder Dan Tapiero are on the same page here.

As for what comes post-election, no one’s quite sure. Forster suggests a diversified strategy may be the way to go, especially given how the market reacts to news. Hundal’s not overly concerned about timing trades right now, unless you really know your stuff. He’s saying that growth’s looking good for the next few years.

So bottom line, it’s not all about the election – Bitcoin’s likely to do well either way, according to David Lawant from FalconX. Just keep in mind, investing’s always got its risks and you should do your homework before diving in.

Source: Cointelegraph