Bernstein analysts recently reiterated that if Trump wins the U.S. election next month, the price of Bitcoin is expected to reach new highs of $80,000 to $90,000. Current forecast sites show a significant increase in Trump's support, with Trump leading by 7 percentage points over Vice President Harris. Analysts note that Trump this year has reinvented himself as a supporter of cryptocurrencies and laid out plans to turn the United States into a Bitcoin mining “powerhouse.” By contrast, Harris has only recently mentioned cryptocurrencies in her policies, emphasizing consumer protection and promoting U.S. dominance in the blockchain space. While analysts believe Bitcoin will perform well in the long term, price fluctuations in the short term are closely tied to the election results. If Trump wins, Bitcoin could surge, while if Harris wins, Bitcoin could fall back to around $40,000. (TheBlock)