What will happen to the Bitcoin price after the US election results? More than 45 crypto experts from Germany, Switzerland and Austria (DACH area) give their opinions.

The U.S. elections in November are the political event of the year. It is also a hot topic in the crypto world. Donald Trump is seen as more crypto-friendly than Kamala Harris, and so crypto plays a role in the upcoming election. The impact on the crypto market could be significant, especially since election years in the past have often been favorable for Bitcoin prices.

US elections and Bitcoin exchange rate: DACH experts divided

In an Insider Report, 45 crypto experts gave their opinions. The experts are divided; only a narrow majority of 58 percent expect the U.S. election to have a major impact on the Bitcoin exchange rate.

Bitwise's experts conducted statistical analysis to predict potential price movements. André Dragosch, director and head of research Europe at Bitwise Asset Management, said:

"Our analyses show that the performance of the top-10 crypto currencies recently correlated positively with Trump's odds of winning. Based on this, a Trump victory appears to be the preferred scenario for the crypto market. In the event of a Trump victory, we expect a price increase of about 10 percent for Bitcoin. In the event of a Harris victory, we conversely expect a decline of about 10 percent. Memecoins such as DOGE show the greatest sensitivity - here the price could even rise by 20 percent in the event of a Trump victory. All in all, then, the impact of the U.S. election on the crypto market could be significant."

Macroeconomic situation more important than elections

However, many crypto experts downplay the long-term impact of the election and rather see it as a moment of short-term volatility. Although Trump has a pro-crypto image, Florian Döhnert-Breyer of the crypto fund F5 Crypto argues that "regardless of the outcome, the political climate around crypto in the U.S. will improve."

Dr. Joachim Schwerin, chief economist at the European Commission, also puts the impact of the election on the Bitcoin exchange rate into perspective: "The focus of American experts on the Bitcoin price is exaggerated: Bitcoin is a global phenomenon and not a plaything of U.S. financial and economic policy. Shifting power in one center is of short-term importance, but ultimately irrelevant to decentralized systems."