The U.S. presidential elections are stirring up the crypto market!
Experts believe that regardless of the winner (whether Trump or Harris), Bitcoin stands to benefit due to expectations of a rising budget deficit. Trump is seen as more crypto-friendly, even hinting at creating a Bitcoin reserve in the U.S., while Harris' stance on the matter remains unclear.
Global banking giant Standard Chartered has jumped into the election-based Bitcoin predictions. According to their forecast, if Trump wins, BTC could skyrocket to an impressive $125,000! With a Harris victory, they predict a more conservative $75,000.
But wait, there's more!
Investment firm Bernstein also weighed in with their predictions. They speculate that under Trumpâs leadership, Bitcoin could reach $90,000 (about R$ 500,000) by the yearâs end! Trumpâs promises to make the U.S. the global crypto capital, create a national Bitcoin reserve, and appoint a pro-crypto SEC chairman are exciting the market.
On the flip side, if Harris wins, Bernstein forecasts Bitcoin might drop to the $30,000 to $40,000 range. Harris' lack of a clear stance on cryptocurrencies is leaving investors uncertain.
No matter the outcome, regulatory reforms are expected to keep moving forward, driving Bitcoinâs growth in the long term. 2024 is shaping up to be an exciting year for the crypto world!
