BERNSTEIN NAMED BITCOIN GOALS AFTER TRUMP OR HARRIS' VICTORY
If Donald Trump is elected US President, the first cryptocurrency will overcome ATH and reach $80,000-90,000, and Kamala Harris' victory could lead to a fall to $50,000.
In case of a positive outcome for Bitcoin, the asset will approach the designated target by Inauguration Day on January 20, 2025, experts noted.
The company already expressed a similar opinion in September, but Harris' victory implied a more serious drawdown - to $30,000-40,000.
"The Bitcoin genie is out of the bottle, and it is difficult to reverse this process. Our price target for the first cryptocurrency by the end of 2025 remains at $200,000, regardless of the election outcome,” Bernstein emphasized.
A victory for either candidate in the presidential race has not yet been priced into the digital gold price. As the odds of the two candidates evened out on Polymarket over the weekend, analysts warned of short-term volatility in either direction depending on who enters the Oval Office.
At the time of writing, the odds on the prediction platform are 60% to 40% in favor of Trump.
