Bitcoin expected to reach $80,000 next month, regardless of US presidential election results

It is predicted that Bitcoin will rise to $80,000 (approximately 12.13 million yen) and set a new all-time high regardless of the outcome of the US presidential election.
The main reason for Bitcoin's recent rise is Donald Trump's friendly attitude towards the cryptocurrency industry.
This is due to the rising popularity of Republican presidential candidate Donald Trump, but Bloomberg has predicted that Bitcoin will rise to $80,000 regardless of the outcome of the November presidential election.
Bloomberg reports that Bitcoin options investors are increasing their bets as they believe Bitcoin could hit $80,000 regardless of who wins next month's U.S. presidential election.
The price of $80,000 is about 10% higher than the all-time high of $73,800 recorded last March on a global basis, and Bitcoin is expected to hit an all-time high at the end of next month.
"The cryptocurrency market is looking to see a price rise," said David Lawant, head of research at cryptocurrency brokerage FalconX.
In relation to this, the head of the Bitcoin Blockchain Group, Lawant, said, "The market evaluation is based on the Bitcoin
"There is a high possibility that election-related options trading will produce good results," he said, adding, "Election-related options trading is showing a high proportion of upward (price rise) trading."