An expert stated the condition for Bitcoin to reach the $100,000 mark

Michael Terpin, the founder of Transform Ventures, believes that the leading cryptocurrency will surpass this level if Donald Trump wins the U.S. presidential election, according to CoinDesk.

"Now that the Bank of Japan has indicated that it will not raise interest rates further, and Jump Trading runs out of coins to sell, as recently happened in Germany, I don't see any reasons for Bitcoin's price to drop significantly below $50,000," Terpin said.

The expert also noted that the bull market will continue according to the usual four-year cycles, with significant growth in October and November.

"If Trump wins the election, an influx of new buyers could push Bitcoin's price above $100,000. […] October and November have traditionally been strong months for Bitcoin, especially in the halving year and the one following it," he added.

On August 5th, Bitcoin fell below $50,000, but on August 9th, it recovered, rising above $60,000.

It is worth noting that analysts from the cryptocurrency exchange Coinbase explained Bitcoin's recent decline by seasonal factors, highlighting the traditional downward trend in August in the digital asset market.