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This Cryptocurrency Could Soar 75% by Year End if the Republicans Sweep Congress, According to 1 Wall Street Analyst | The Motley Fool

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This Cryptocurrency Could Soar 75% by Year End if the Republicans Sweep Congress, According to 1 Wall Street Analyst | The Motley Fool

Cryptocurrencies are extremely volatile, and this election could have an impact on them for the next four years.

The world’s largest cryptocurrency, Bitcoin (BTC -0.54%), has been on a great run this year. During the last month, Bitcoin has climbed 14%, mainly due to the expectation that Donald Trump will triumph on Election Day. However, the market may also be starting to contemplate a Republican sweep in Congress as well. Polling suggests the Republicans are favored to take the U.S. Senate, while the U.S. House of Representatives is considered a toss-up. Everything is close, and polling and the betting markets have been wrong in past elections, so anything can happen. But if the Republicans manage to sweep Congress, Bitcoin could soar by 75% in the final two months of the year, according to one Wall Street analyst. Here’s why.

Republicans may pass more friendly crypto regulation

Many experts believe Trump and the Republicans would pass better laws and regulations for crypto if elected. Based on options pricing, Standard Chartered analyst Geoff Kendrick, in a recent research note, said Bitcoin could rise more than 4% immediately after a hypothetical Trump victory and an additional 6% in the following days. A Republican sweep of Congress could send the price of Bitcoin to $125,000, implying at least 75% upside from Bitcoin’s  price of about $70,000 as of Nov. 1.

Kendrick sees three potential major catalysts for Bitcoin in the remainder of 2024 and 2025. The first is the removal of an Securities and Exchange Commission memo known as SAB-121. This required banks to report crypto assets held in custody as on-balance sheet liabilities held at fair value. Custodial assets are normally treated as off-balance-sheet assets. Holding crypto assets in custody on balance sheets leads to higher capital and liquidity requirements, which the bank regulatory agencies dictate and govern. This has prevented the banking system from offering crypto custodial services at scale, according to the American Bankers Association.

The other catalysts include more flows into Bitcoin exchange-traded funds (ETFs) and a likely increase in inflation, which experts expect to occur under both presidential candidates. Many investors view Bitcoin as a hedge against inflation. Trump would also push for the resignation or removal of Gary Gensler as head of the SEC. Gensler has taken a stricter regulatory approach to Bitcoin.

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Kendrick does not see a Kamala Harris victory as necessarily bad for Bitcoin. Under this scenario, Kendrick thinks there will be an initial dip for Bitcoin, which will ultimately end the year around $75,000. Several reports have indicated that Harris may also push for the removal of Gensler, and Kendrick thinks a Harris administration could also remove SAB-121 eventually.

Will Bitcoin hit new all-time highs?

Setting share price targets is no easy task, even for the most stable blue chip stocks. It’s even more challenging with a volatile asset like Bitcoin. However, I think Kendrick is presenting some good analysis here.

Investors increasingly see Bitcoin as a form of digital gold. With Trump and Harris planning to try to pass inflationary policies, Bitcoin should benefit. Regardless of who wins, there’s a good chance Gensler will be removed from office, and SAB-121 will be eliminated, although a Republican sweep would likely expedite these measures. So, I expect to see new highs for Bitcoin later in the year and next year, but a Trump win and Republican sweep in Congress is probably more bullish for the world’s largest cryptocurrency.

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Bram Berkowitz has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool recommends Standard Chartered Plc. The Motley Fool has a disclosure policy.

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Crypto

Summit County Sheriff’s Office recovers over $100,000 in cryptocurrency investigation

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Summit County Sheriff’s Office recovers over 0,000 in cryptocurrency investigation

SUMMIT COUNTY, Ohio (WOIO) – A City of Green resident reported being the victim of a cryptocurrency investment fraud in early October, resulting in a significant financial loss and opening an investigation.

The Summit County Sheriff’s Office Detective Bureau initiated an investigation utilizing detailed information and financial records provided by the victim.

According to a release from the sheriff’s office, there was assistance from Jackson Township Police Department’s cryptocurrency recovery “Trace Team” and detectives were able to successfully trace and recover $110,000 of stolen funds.

The sheriff’s office reminds the public to remain alert regarding cryptocurrency investment scams and fake investment platforms.

These schemes often begin by encouraging small initial investments that appear to generate returns, creating a false sense of credibility.

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The sheriff’s office said once trust is established and larger investments are made, the funds are frequently transferred and become inaccessible.

For public safety, people are encouraged to thoroughly search any investment opportunity and exercise caution when dealing with unsolicited or online investment platforms.

The release from the sheriff’s office says that if anyone believes they may be a victim of cryptocurrency or investment fraud, they should immediately contact their local law enforcement agency and file an online complaint with the FBI’s Internet Crime Complaint Center at www.ic3.gov.

The Summit County Sheriff’s Office said it remains committed to protecting the community and working with partner agencies to investigate and combat financial crimes.

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Bitcoin Mining Promises Under Fire as SEC Alleges $48.5M Investor Funds Were Misused

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Bitcoin Mining Promises Under Fire as SEC Alleges .5M Investor Funds Were Misused
Federal regulators are tightening the vise on crypto investment schemes, spotlighting alleged fraud tied to bitcoin mining that raised nearly $100 million while misleading thousands of investors about operations, capacity and the use of their money.
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The Cryptocurrency That Could Be About to Explode 1,000% | The Motley Fool

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The Cryptocurrency That Could Be About to Explode 1,000% | The Motley Fool

This tiny AI coin could be ready to skyrocket in 2026.

It’s slim pickings in the crypto market right now, with nearly every cryptocurrency down 25% or more over the past 90 days. But if you’re willing to dig for bargains and hold your nose at the same time, it’s possible to come up with some potential blockbuster plays for 2026.

My favorite pick right now is Artificial Superintelligence Alliance (FET 0.25%), down 68% over the past 90 days, and more than 80% for the year. This is exactly the type of beaten-down cryptocurrency that could be ready to explode higher by 1,000% or more over the next 12 months.

Rules for picking 1,000% winners

In order for any cryptocurrency to soar 1,000% or more within a relatively short period of time, it needs to meet a few key criteria. First of all, it needs to be dirt cheap — that’s the only way to attract speculative retail money. So, as a first cutoff, let’s narrow our search to beaten-down cryptos trading for $1 or less.

Second, the cryptocurrency needs to be in a red-hot sector or backed by a red-hot investment thesis. Within the blockchain and crypto world, there are plenty of potential hot ideas to choose from, including real-world asset tokenization, stablecoins, and decentralized finance (DeFi).

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But let’s face facts here: If you try explaining real-world asset tokenization or stablecoins to your friends and family over the winter holidays, you’ll probably be met with a very frosty reception. The investment narrative needs to be easy to grasp and easy to explain. And I can’t think of a better one right now than artificial intelligence (AI).

Image source: Getty Images.

So let’s further narrow our search down to so-called AI coins. This was once a red-hot category, and includes some major names like Bittensor, Render, and Artificial Superintelligence Alliance (FET 0.25%).

The case for buying Artificial Superintelligence Alliance

Of these AI coins, the only one that’s trading for less than a buck right now is Artificial Superintelligence Alliance (the cryptocurrency formerly known as Fetch.ai). It has a super-low discount price of $0.20 — almost as cheap as some meme coins. In order for FET to explode in price by 1,000%, all investors need it to do is hit a price of $2.20.

Fetch Stock Quote

Today’s Change

(-0.25%) $-0.00

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Current Price

$0.21

Thankfully, it has already done that in the past. In March 2024, Artificial Superintelligence Alliance hit an all-time high of $3.47. So, getting back to a price level of $2.20 may not be as insurmountable as it seems at first.

Moreover, the crypto (via the involvement of Fetch.ai in the alliance) is at the forefront of the hot new field of agentic AI, so there’s plenty of long-term growth potential.

Just keep in mind that there’s a big reason the price of Artificial Superintelligence Alliance has cratered by nearly 95% over the past 18 months. Simply put, investors have given up on the “alliance” that was supposed to create the world’s foremost AI coin.

The multistep merger process that was supposed to result in a single token called ASI has gone on much longer than expected. It has also been much messier than many people expected. In October, Ocean Protocol — one of the three big AI players involved — finally pulled out of the alliance, and that sent the price of FET tumbling.

What can investors expect in 2026?

As recently as December 2024, the price of Artificial Superintelligence Alliance was around $2. That’s why I’m optimistic about a potential rebound in price in 2026. Crypto traders have likely overreacted and are now dumping this AI coin indiscriminately.

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That being said, a 1,000% surge in price is by no means guaranteed. It’s quite possible that the price of Artificial Superintelligence Alliance could go to zero. So, buckle up now if you plan to invest in this AI coin — the path ahead is likely to be filled with turbulence and stomach-churning moves up and down.

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