Hey folks. I usually don't do BTC price predictions because
every one of them are pure guesses since Bitcoin has no fundamentals than can be objectively predicted.
But what the heck, I'll do it anyhow. Let's have a little fun.
In the recent period before the upcoming US elections, BTC has pumped up significantly--about 25%.
Remember that today, the crypto industry is the
largest government lobby in the USA, surpassing Big Oil, Big Pharmaceutical, Big Banking, and all of the rest. It's likely that they will spend over $1 billion on this election alone.
It's also worth thinking about the life of a Bitcoin whale. Imagine you are sitting on, say, $20 billion in BTC. In this scenario, spending $100 million per year on "projects" that helped you pump your bags would be peanuts, and in the crypto universe, spending money like this is totally
legal (AAPL couldn't run a clandestine influence operation to get their stock price up for instance, that would be a violation of various securities laws).
The other thing you can do as a Bitcoin whale is... manipulate the price of Bitcoin (particularly if you get together with your friends, say Michael Saylor and Elon Musk for instance).
Now imagine you desperately want Trump and his party to win, and you know that Bitcoin actually
tanked under Trump (after it going up 500% under the previous president, who was--gasp!--a Democrat). What do you do? Throw the crypto bros a bone and pump the price of BTC to make them feel good about voting for the political party that started that war in Iran and screwed up the economy with tariffs. Who cares about all of that if the price of BTC is going up and their bags look a little fatter now (although still not as fat as they were before Trump).
If this is indeed what is going on, what we can expect to happen after 11/3 is... a crash. All of the pumping that the Whales have been doing now will be dumped and the price will crash.
This will happen regardless of who wins. (If you are a BTC Whale, you want more than anything to get out of that holding since your money would be far better off being in AI for the long term--but you can't simply dump it all at once because you would crash the market of your own holdings).
Anyhow, something to think about. We'll know in a few weeks if this has any merit...
