Market strategist Alex Kruger believes that altcoins, particularly Ethereum and Solana, will outperform Bitcoin in the event of a Donald Trump victory in the upcoming U.S. presidential election. Speaking on the "Bits and Bips" podcast, Kruger suggested that the "Trump trade" is more favorable for altcoins, positioning Solana and Ethereum as the top contenders for growth under a Trump-led administration.
Altcoins vs. Bitcoin in a Trump Presidency
While many in the crypto space expect a Trump presidency to be beneficial for the market, Kruger asserts that Bitcoin might not be the primary beneficiary. He anticipates altcoins like Ethereum and Solana will see stronger growth than Bitcoin, stating that these assets are better positioned to capitalize on Trump's policies. This perspective aligns with a report from brokerage firm Bernstein, which predicts Bitcoin could rise to $90,000 if Trump wins but fall to $30,000 if Kamala Harris, the Democratic candidate, takes office.