Bernstein raises its price estimate for bitcoin for Harris's victory to $50,000, keeps Trump at $80-90K

Analysts at the research and brokerage firm Bernstein predict a target price of $200,000 by the end of 2025, regardless of the outcome of the U.S. elections on Tuesday.

Republican Donald Trump is seen as the pro-cryptocurrency candidate compared to the potential continuation of Kamala Harris's aggressive stance on cryptocurrencies over the past four years, although the party has shown a marked shift in tone in recent months.

The main drivers of Bitcoin are

The fiscal indiscipline of the United States

Record levels of debt

Monetary expansion, which increases the demand for hard assets

And the success of U.S. spot Bitcoin ETFs further accelerates this trend with enough room for growth, the analysts said.

"The genius of Bitcoin has come out of the bottle and it is difficult to reverse this course. Our price target for Bitcoin by the end of 2025 remains $200,000 regardless of the election outcome."

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