As the U.S. presidential race intensifies, speculation about its potential impact on Bitcoin’s price is gaining momentum. A recent report highlights that a significant majority of cryptocurrency investors anticipate a dramatic rise in Bitcoin’s value if Donald Trump is re-elected.

According to the July 2024 Crypto Market Report by AMBCrypto, 80% of surveyed investors believe that Bitcoin could surge to $80,000 under Trump’s presidency. This projection comes from a comprehensive survey of 9,375 investors and a detailed market analysis.

The report notes that this anticipated rise would surpass Bitcoin’s previous high of $73,780. The correlation between political developments and cryptocurrency dynamics has become a focal point for investors, with many viewing Trump’s potential re-election as a significant factor influencing Bitcoin’s price trajectory.

As the election approaches, the crypto community remains closely attentive to political developments, reflecting broader market sentiments and their potential implications for cryptocurrency values.