Trump's victory in the US elections, a 50 bp Fed rate cut with new incentives from China, and no major surprises in the industry are the conditions for Bitcoin to grow above $80,000 by the end of the year. This was stated by Bitwise, writes The Block.

The company's CIO Matt Hougan confirmed the forecast for the end of 2023. At that time, he named the approval of the BTC-ETF and the fourth halving as drivers.

In the latest note, the expert emphasized that the implementation of the scenario could be prevented by the victory of Democratic candidate Kamala Harris.