Bitcoin Could Hit $90,000 If Trump Wins, Hold $50,000 Floor Under Harris: Bernstein
Bitcoin (CRYPTO: BTC) could reach $90,000 if Donald Trump secures the presidency, whereas a Kamala Harris win could see Bitcoin stabilizing at a $50,000 floor before any recovery, according to new analysis.
These predictions come at a time when both candidates have notably addressed crypto policy, making this election pivotal for the industry.
What Happened: “Bitcoin is resilient to election outcomes,” Bernstein’s report states, emphasizing that its primary drivers remain U.S. fiscal policies, record debt levels and monetary expansion. “The Bitcoin genie is out of the bottle, and it is hard to reverse this course,” the report stated, reinforcing Bitcoin’s long-term growth prospects irrespective of the election result.
In the short term, Bernstein believes the election will influence crypto sentiment.
“We expect Bitcoin to break all-time highs …
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