Bitcoin Could Hit $90,000 by Year-End if Trump Wins

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Bernstein analysts predict that a Donald Trump presidency would lead to a more favorable regulatory environment for the cryptocurrency industry than a Kamala Harris administration, the Democratic nominee. According to analyst Gautam Chugani, Bitcoin could hit $90,000 by year-end if Trump wins, up 59% from current levels. This is due to the removal of political risks that could prevent financial institutions from entering the market, allowing digital assets to compete with traditional assets for institutional flows.