Christophe Barraud thinks that if Trump wins and Bitcoin continues to grow, it could change the U.S. economy and lead to significant growth.
As the 2024 U.S. presidential election gets closer, Christophe Barraud, called the “world’s most accurate economist,” has made strong predictions about how a Trump victory and the rise of Bitcoin could affect the economy. Many people are interested in how these two factors might change the American economy and influence its future direction.
Economic Predictions Under Trump’s Leadership
Christophe Barraud has made his predictions using betting odds, polls, and signals from financial markets. He thinks that Republican nominee Donald Trump will likely win the elections on November 5, which could lead to important changes in the economy.
Barraud thinks that if Trump becomes president, it could help the economy quickly. He expects the GDP to grow by 2.1% to 2.3% in 2025. This growth would mostly be due to Trump’s America First policies, which focus on protecting American jobs and helping local manufacturing.
Trump’s policies helped the economy grow and wages increase. Barraud points out that if Trump wins and the Republican Party gains control of Congress, it could create good conditions for the economy. However, he also warns that there could be long-term problems, like a growing federal deficit, if big tax cuts are not balanced with other ways to raise money.
The Role of Bitcoin in Economic Transformation
At the same time as Donald Trump’s economic plans, Bitcoin is becoming more popular as a way to build wealth. Howard Lutnick, the CEO of Cantor Fitzgerald, thinks that Bitcoin could be a valuable asset, similar to gold or oil. He believes Bitcoin’s limited supply and the way it is created give it lasting value and the potential to grow. He sees Bitcoin as fitting well with Trump’s focus on self-sufficiency and financial independence.
With the increasing acceptance of Bitcoin in institutional finance, Lutnick foresees a surge in its value.
Economic Implications of a Trump Win and Bitcoin’s Rise
If Trump wins and Bitcoin becomes more popular, it could change the economy in several ways. Barraud thinks that the yield on the 10-year Treasury bond might go up to 4.5% soon after a Trump victory and could even reach 5% as the new policies start to take effect. This increase could show that investors are feeling more confident and expect the economy to grow.
Barraud thinks that if Trump becomes president that could quickly help the economy. He believes the GDP could grow by 2.1% to 2.3% in 2025. This growth would mainly come from Trump’s America First policies, which aim to protect American jobs and support local manufacturing.
Adding Bitcoin to the economy could change traditional financial systems. As more people see Bitcoin as a valuable asset instead of just money, its value could become more stable and gain wider acceptance in financial markets. This change might create new opportunities for people and businesses to make money and invest.
Conclusion: A New Ara on the Horizon?
As the election approaches, the combination of Donald Trump’s policies and the growing popularity of Bitcoin creates an interesting situation for the U.S. economy. Economists like Christophe Barraud and Howard Lutnick point out that if Trump wins and Bitcoin keeps getting more attention, it could lead to important changes.
Although there are risks, like rising federal deficits and difficulties in creating long-term policies, the chances for economic growth and new ideas are exciting. In the end, a Trump administration combined with a growing Bitcoin market could lead to a new economic era in the United States. This change could bring both opportunities and challenges that will affect the country’s financial future for many years.
Barraud sees potential for economic growth under Trump’s leadership, with GDP possibly reaching 2.3% in 2025. Follow CoinMozo on X for more insights into the U.S. Elections 2024.
Also Read: Bitcoin Blasts Past $71K: Could ‘Trump Trade’ Hype Break Records Post-Election?
