The rise of Donald Trump in the polls for the 2024 U.S. presidential election raises questions about the potential impact of his victory on cryptocurrency markets. Although Trump supports Bitcoin 
$77,420, experts suggest that under his presidency, altcoins like Ethereum 
$2,287 and Solana 
$84 may emerge as the primary beneficiaries.
Altcoins Take Center Stage
In a recent program, economist Alex Kruger, founder of Asgard Consulting, stated, “If Trump wins, the main investments will flow into altcoins.” He emphasized that Ethereum and Solana could outperform Bitcoin if Trump becomes president.
“Bitcoin maximalists may be upset about this.” – Kruger
It is noted that Bitcoin has made significant progress in terms of regulation, while platforms like Ethereum and Solana still have work to do. In a more favorable regulatory environment, Ethereum’s staking operations could be included in spot ETFs, and Solana could receive approval for its own spot ETF. This scenario suggests that hundreds of decentralized finance (DeFi) projects operating on both networks could receive support in terms of security, liquidity, and growth.
ETFs and Their Impact on the Crypto Market
Jeff Park, manager of Bitwise’s Alpha Strategies, indicated that a Trump victory could lead to extreme volatility in Bitcoin prices.
“If Trump wins, Bitcoin could rise to $92,000; if he loses, it could drop to $37,000,” – Park stated.
When asked how he arrived at these figures, Park mentioned that they are based on current data and lack scientific grounding.
“Bitcoin ETF options have a significant impact. These products offer broader participation opportunities through leveraged investing, stock lending, and cross-asset collateralization.” – Park
Joe McCann, founder of Asymmetric Crypto, highlighted banks’ potential to benefit from Bitcoin ETF options.
“Banks could earn substantial revenue from such products.” – McCann
ETF expert James Seyffart from Bloomberg predicted that these options could hit the market in the first quarter of 2025. Seyffart noted that regulatory issues, particularly position limits, have delayed approvals but progress is being made.
These developments in the crypto markets create various opportunities and risks for market participants. The potential of altcoins like Ethereum and Solana could increase depending on Trump’s presidency, while Bitcoin’s price volatility may have a broad impact.
