U.S. Presidential Election Could Push Bitcoin to $90K or Crash to $30K – Bernstein Analysis**
According to a new **Bernstein research report**, the upcoming **2024 U.S. presidential election** will significantly impact Bitcoin's price.
Analysts suggest that a **Donald Trump victory** could propel Bitcoin to as high as **$90,000** by the end of the year. In contrast, a win for **Kamala Harris** could lead to a drop to around **$30,000**.
Trump has been vocal about his plans to make the U.S. a global hub for **Bitcoin and crypto**, vowing to appoint a crypto-friendly **SEC chair** and create a **national Bitcoin reserve**. On the other hand, Harris hasn't addressed crypto in her campaign, and her victory may result in a less favorable environment for Bitcoin.
The report also highlights the current regulatory challenges the crypto market faces, noting that a more **crypto-friendly administration** could eliminate barriers and encourage institutional participation, spurring innovation.
Conclusion :
The 2024 U.S. election is shaping up to be a pivotal moment for Bitcoin, with potential outcomes that could either fuel a **massive rally** or deepen the **market’s downturn**. Investors should watch the election closely.
