Analyst Thomas has predicted that Bitcoin could reach $1 million by 2030, regardless of whether Donald Trump or Kamala Harris wins the U.S. presidential election. The discussion around cryptocurrency has intensified leading up to the election, with Bernstein analysts suggesting that the outcome could significantly influence Bitcoinâs future.
Trump has positioned himself as the "Crypto President" to attract voters interested in cryptocurrency. Bernstein researchers estimate that Bitcoin could hit $90,000 in the fourth quarter of the election year if Trump wins due to his favorable stance on crypto. Meanwhile, Standard Charteredâs head of FX and digital assets research, Geoffrey Kendrick, forecasted that Bitcoin might reach $100,000 before the election and $150,000 by the end of the year, should Trump take office.
On the other hand, Kamala Harris has not made any public statements about her stance on Bitcoin or cryptocurrency. Her silence has raised concerns in the crypto community, especially given the current administration's crackdown on crypto businesses through the U.S. Securities and Exchange Commission.
The crypto community is eagerly awaiting a possible Trump-Harris debate, hoping that both candidates will address their views and policies regarding the crypto industry. In contrast to the 2020 election when cryptocurrency was not a significant topic, the growing influence of crypto stakeholders may bring the issue to the forefront this time around.
