According to the weekly report published by Matrixport on October 11, Bitcoin (BTC) 
$77,420 investors should be ready for a bull market that could be triggered by Donald Trump’s potential victory in the 2024 U.S. Presidential elections. Recently, trading volumes for Bitcoin have declined, prompting investors to develop strategies for the future.
Bitcoin Options and Price Expectations
Bitcoin options contracts expiring in November 2024 indicate that investors are approaching the election results with caution. However, option pricing at levels of $65,000 and $70,000 reveals significant bullish expectations in the market. These price thresholds have strengthened hopes among investors for a substantial recovery in Bitcoin, particularly following the 2024 U.S. Presidential elections.
This year, the Bitcoin options market has reached a trading volume between $42 billion and $71 billion, attracting notable interest, especially after the Bitcoin block reward halving that occurred in April. Meanwhile, this market activity has become a more appealing leverage tool for investors despite the weak performance of Bitcoin-backed stocks, such as MicroStrategy.
Macroeconomic Conditions and Potential Risks
Earlier in the year, improvements in macroeconomic conditions had led to a price recovery for Bitcoin. However, the changing attitudes of market makers and liquidity providers subsequently caused prices to retract. Trump’s potential victory in the presidential race could have a significant positive impact on Bitcoin, especially if he pursues a more liberal economic policy.
Conversely, concerns about the Federal Reserve tightening monetary policies due to Trump’s stimulating economic strategies may hinder Bitcoin’s potential rise. Nevertheless, long-term expectations among investors remain strong. Matrixport’s report encourages investors to exercise caution and establish strategic positions during the pre-election period, particularly by focusing on the $65,000 and $70,000 levels.
