The USA brokerage and research firm Bernstein stated that if former US President Donald Trump wins the presidential election, Bitcoin may rise to $90,000 by the end of this year. The company's analysts believe that Trump's pro-cryptocurrency stance and regulatory reforms could drive the cryptocurrency market, while a victory by Kamala Harris could lead Bitcoin to fall below $50,000, possibly testing the range of $30,000 to $40,000.
Bernstein: If Trump wins the election, Bitcoin may soar to $90,000
The brokerage and research firm Bernstein stated on Monday that if former US President Donald Trump wins the November US election, Bitcoin may surge to $90,000 in the fourth quarter. Bernstein's analysts remarked:
The election results are still difficult to predict, but if you hold cryptocurrency here for the long term, you may be betting on Trump.
In the research report, analysts predict that Trump's victory will drive Bitcoin to set new highs, reaching between $80,000 and $90,000 by the end of the year.
Trump's strong support for making the USA a leader in the cryptocurrency industry and his policy proposals, such as appointing a pro-cryptocurrency chairman of the Securities and Exchange Commission (SEC) to replace Gary Gensler and establishing a national bitcoin reserve, are listed as major catalysts. The report also emphasizes that Trump has consistently stated his goal of making the USA the "world capital of bitcoin and cryptocurrency".