Bloomberg reported that options investors believe Bitcoin could reach $80,000 by the end of next month.
$80,000 is currently 20% higher than the $67,000 price per bitcoin and 10% higher than the all-time high recorded in March.
"The market assessment is that Bitcoin is likely to perform well regardless of the results of the presidential election," a cryptocurrency brokerage said. "Election-related option transactions are mainly attributed to price increases."
Former President Donald Trump expressed a virtual currency-friendly stance, and Vice President Kamala Harris also said she would set up a system for the virtual currency industry, showing a different stance from the punishment-oriented Biden administration.
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