Speaking about the impact of a possible Harris victory on bitcoin, it should be noted that the change of president in itself is unlikely to be a critical factor for the cryptocurrency market. The Democratic administration is already in power, and a radical change in the price action is not on the table.
Short-term volatility during the announcement of election results is possible, since this is how the market naturally reacts to any uncertainty. That said, a large-scale collapse should not be expected, since Harris's position on cryptocurrencies is quite predictable and has already been taken into account by most large investors in their strategies.
In the long term, fundamental factors will be much more important – primarily the halving event and its historically positive impact on the bitcoin price. Limited issuance of cryptocurrency, rising institutional interest and the development of market infrastructure also play an important role.
As for regulatory policy, Harris does advocate for increased oversight of the cryptocurrency market. However, this is not about prohibitive measures, but rather about setting clearer rules of the game with a focus on consumer protection and ensuring financial stability. Amid high inflation, bitcoin may even strengthen its position as a store of value.
A move to the $100k mark in the coming year looks quite realistic, regardless of the election outcome. The key drivers will be factors such as halving, Fed rate cuts, and an increase in institutional presence in the market, rather than the political landscape.