The role of cryptocurrency, especially Bitcoin, is becoming a focal point of discussion among both voters and market analysts. Recently, a prominent crypto analyst named Thomas made headlines with his bold prediction that Bitcoin will reach an astounding $1 million by 2030, regardless of whether Donald Trump or Kamala Harris wins the election.

Crypto enthusiasts and financial experts alike have been speculating about the potential impact of the election outcome on Bitcoin’s future. With both Trump and Harris offering very different political ideologies, there’s growing curiosity about how their leadership might influence the crypto market. However, Thomas believes that despite the contrasting approaches to digital assets, Bitcoin is poised for explosive growth in the next decade.

Predictions on Bitcoin’s 2030 Price

Thomas shared his views on social media, specifically on X (formerly known as Twitter), where he emphasized that the outcome of the 2024 US presidential election would not halt Bitcoin’s trajectory toward $1 million by 2030. According to him, the flagship cryptocurrency’s growth is driven by factors beyond any single political event, making it resilient to electoral outcomes.

This sentiment is echoed by many in the crypto community. They believe that Bitcoin’s decentralized nature and increasing institutional adoption mean its value will continue to rise, regardless of short-term political shifts. Although some analysts factor in external events like elections, Thomas suggests that the long-term potential of Bitcoin is too strong to be hindered by political fluctuations.

Trump’s Crypto Stance: A Potential Boost?

Donald Trump has increasingly positioned himself as a “crypto-friendly” candidate, hoping to attract voters from the growing community of digital asset supporters. His openness to cryptocurrency regulation has earned him the title of “Crypto President” among some proponents. Market analysts, including Bernstein’s experts, have predicted that if Trump wins the election, Bitcoin could soar to as high as $90,000 in late 2024.

In addition, Geoffrey Kendrick, head of forex and digital assets research at Standard Chartered, previously forecasted that Bitcoin could rise to $100,000 before the election. He also suggested that if Trump secures the presidency, Bitcoin could go even higher, potentially hitting $150,000 by the end of 2024. This optimistic outlook stems from the expectation that a pro-crypto president could create a more favorable regulatory environment for digital assets, fostering innovation and growth within the industry.

Kamala Harris: Crypto’s Silent Player

While Trump’s stance on Bitcoin is well-known, Vice President Kamala Harris has remained relatively quiet on the subject. This has led to uncertainty within the crypto community regarding her approach to digital assets. As part of the current administration, which has seen increased regulatory scrutiny of crypto firms, particularly through the actions of the U.S. Securities and Exchange Commission (SEC), Harris’ silence on Bitcoin is notable.

In her recently released policy statement, Harris made no mention of cryptocurrencies or Bitcoin, raising further questions about her views on the sector. As a key figure in the Biden administration, Harris has witnessed a more cautious regulatory stance toward digital assets. However, this has left many wondering if her potential presidency would follow the same trajectory or take a different approach to crypto regulation.

The Crypto Community Awaits a Key Debate

Amid all the speculation, one significant moment for the crypto industry may come during the anticipated presidential debate between Trump and Harris. If both candidates address their views on digital assets and outline potential policies for the sector, it could provide the much-needed clarity for Bitcoin investors. Such a debate could have a profound impact on market sentiment, potentially influencing the behavior of both short-term traders and long-term holders.

During the 2020 presidential debate between Trump and Biden, crypto was not a topic of discussion. However, the landscape has since changed. With cryptocurrency becoming a major talking point in economic discussions, it is expected that this year’s debate could feature crypto prominently. Ripple co-founder Chris Larsen and other influential industry figures have already shown their support for Harris, making it clear that key players in the crypto world are paying close attention to the upcoming election.

Bitcoin’s Current Position

At the time of writing, Bitcoin is trading at around $56,800, reflecting a 2% increase over the past 24 hours, according to data from Coin Market Cap. This steady growth aligns with the positive sentiment surrounding Bitcoin’s future, as market analysts continue to anticipate a potential breakout.

As the election approaches, all eyes will be on the debate and any statements made regarding crypto policies. But as Thomas and other analysts suggest, regardless of who wins the election, Bitcoin’s trajectory toward $1 million by 2030 seems unstoppable.