Jeff Park says “merger arb-style probability math” could mean Bitcoin rallies to $92,000 following a Trump victory.
Crypto asset manager Bitwise’s head of alpha strategies predicts Bitcoin could rally as high as $92,000 if Donald Trump wins the United States presidency in November.
In an Oct. 22 post to X, Jeff Park wrote that charting Bitcoin’s (BTC) price against Trump’s odds on the decentralized betting platform Polymarket and applying some “merger arb-style probability math” showed a high chance of Bitcoin surging following him clinching an election victory.
“I project a Trump victory could push BTC to ~$92,000,” wrote Park.
