According to a recent update from COINOTAG, notable trader Eugene Ng Ah Sio expressed his vision for the cryptocurrency market on October 15. He emphasized a gradual price increase for Bitcoin throughout October, coinciding with potential political shifts, specifically a change in U.S. leadership. Ng proposed that if former President Donald Trump were to reclaim the presidency, this could trigger unprecedented demand for Bitcoin, pushing its value towards a milestone of $100,000.
This assertion underscores the intricate connection between political developments and the cryptocurrency market. As investors closely monitor regulatory changes and political landscapes, the sentiment surrounding Bitcoin remains pivotal. With interest in cryptocurrencies soaring, traders are encouraged to stay informed and prepared for market fluctuations that political scenarios might incite.