If one thing is clear, it’s that election uncertainty is expected to make short-term price predictions highly challenging.
Recently, John Divine, Head of OTC Trading at BlockFills, and Wendy O, Host of CryptoWendyO, discussed how politics might influence Bitcoin’s future, offering differing perspectives on its year-end price target.
“I still think $120,000 is very much in play here,” Divine said, maintaining his optimistic forecast despite the uncertainties. He added, “If Donald Trump becomes president again, I believe Bitcoin could stage a massive rally by year-end.”
This aligns with a similar prediction from Fundstrat’s Sean Farrell, who recently reiterated his year-end target of $115,000 for Bitcoin.
Wendy O took a more cautious stance, saying, “I’m not sure we’ll see $120,000 to $150,000 by the end of the year.” While acknowledging the potential influence of the election, Wendy highlighted the SEC’s impact, particularly on altcoins, but remained confident in Bitcoin’s stability, remarking, “Bitcoin will be fine either way.”
As for timing, Wendy suggested that bigger price movements might be further out, explaining, “That’s something we could see in 2025 when the bull run really kicks off.” Despite her short-term caution, Wendy stayed bullish on Bitcoin’s long-term growth.
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