The November 2024 election, which saw Donald Trump become America\u2019s 47th president, triggered a major cryptocurrency rally. After all, the Republican presented himself as a strong supporter of the industry throughout his campaign, promising to make the USA a global crypto hub, promote innovation, establish a strategic Bitcoin reserve, ban the creation of a CBDC, and implement a more favorable regulatory framework for digital assets.<\/p>\n
During his nearly two years in office, he fulfilled<\/a> several promises, but other decisions have increased geopolitical tensions and negatively affected financial and crypto markets. With that in mind, we asked three of the most widely used AI-powered chatbots to assess how Bitcoin might react if the Republicans lose the midterms next month. Here\u2019s what they had to say.<\/p>\n According to ChatGPT, if Republicans lose control of Congress (especially both chambers), BTC could face short-term selling pressure. Specifically, OpenAI\u2019s platform expects a 5-10% drop immediately after the potential news, while a 15% fall was described as \u201ca stress scenario.\u201d<\/p>\n At the same time, ChatGPT said this would not mark the start of a new bear market and would likely be followed by a substantial rebound. It also claimed that if the result is already priced in, BTC might barely move south.<\/p>\n The latest polls suggest Democrats have the upper hand ahead of the November 3 midterm elections. Prediction market Kalshi, for instance, currently assigns<\/a> Republicans less than a 30% chance of winning Congress despite Trump\u2019s promises for a $5,000 payment if they maintain control.<\/p>\n Perplexity shared a similar view, expecting that a possible loss for Trump\u2019s party could lead to a short-term correction in Bitcoin and not automatically trigger a crypto crash.<\/p>\n Meanwhile, the chatbot warned that a collapse is not completely out of the question and may occur only if election results align with falling ETF inflows, higher interest rates from the Federal Reserve, or a major deleveraging event.<\/p>\n Google\u2019s Gemini agreed with the thesis, estimating that a short-term correction after a Democratic midterm victory is a realistic possibility.<\/p>\n \u201cHowever, unless accompanied by a major macroeconomic shock (like hawkish Federal Reserve pivots or liquidity contractions), such a pullback would represent a temporary price adjustment rather than a fundamental trend reversal,\u201d it added.<\/p>\n Not long ago, popular analyst Ali Martinez noted<\/a> that the US midterm elections have historically preceded a major drop in Bitcoin\u2019s price. He reminded that after the 2010, 2014, 2018, and 2022 elections, the cryptocurrency fell 72%, 65%, 52%, and 27%, respectively.<\/p>\n At the same time, Martinez doesn\u2019t think this could stop BTC\u2019s overall bullish move, viewing a potential drop after the elections as a perfect buying opportunity.<\/p>\n The post What Will Happen to BTC if Trump Loses the US Midterms? (3 AIs Analyze)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The November 2024 election, which saw Donald Trump become America\u2019s 47th president, triggered a major cryptocurrency rally. After all, the Republican presented himself as a strong supporter of the industry throughout his campaign, promising to make the USA a global crypto hub, promote innovation, establish a strategic Bitcoin reserve, ban the creation of a CBDC, […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-239021","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/239021"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=239021"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/239021\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=239021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=239021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=239021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Pullback on the Way?<\/h2>\n
The Historical Data<\/h2>\n