Bernstein: Bitcoin Will Reach $80,000-90,000 if Trump Wins US Election
According to analysts at Bernstein, if Donald Trump wins the US election next month, bitcoin could potentially hit new record highs of $80,000 to $90,000.
This prediction comes at a time when the odds are strongly in favor of the former president following Vice President Kamala Harris accepting the Democratic Party’s nomination.
In recent months, Trump has adopted a pro-crypto stance, including accepting cryptocurrency donations for his campaign and proposing policies such as making the US a leader in Bitcoin mining, appointing a crypto-friendly SEC chair, and establishing a national strategic reserve for Bitcoin.
In contrast, Harris has not previously mentioned crypto in her speeches or policies, but has recently made more general statements about encouraging crypto business while protecting consumers, promoting US dominance in blockchain, and including digital assets in her vision of an “opportunity economy.”