Bernstein Expects Bitcoin to Surge if Trump Wins #WINS?
Not everyone shares this view, though.
A report from Bernstein projects a rise in Bitcoin’s price, potentially reaching between $80,000 and $90,000, if Trump wins the election.
Conversely, they predict a downturn, with Bitcoin possibly testing the $30,000 to $40,000 range, should Harris emerge victorious.
Despite differing opinions on the candidates, the broader macroeconomic trend appears to favor Bitcoin regardless of who wins.
VanEck notes that the U.S. will likely continue on a path of growing fiscal deficits and rising national debt, leading to a weaker dollar.
Historically, such conditions have been favorable for Bitcoin, which many investors view as a store of value and hedge against economic instability.
Meanwhile, investment Bank Standard Chartered analyst Geoff Kendrick has said Bitcoin is expected to end the year at new all-time highs regardless of who wins the US election.
Kendrick suggested that Bitcoin could reach new all-time highs by the end of 2024 due to “positive drivers dominating regardless of the election outcome.”
“I think Bitcoin ends the year higher, at new all-time highs, no matter who wins the U.S. election, with a Trump win taking it to $125,000 and $75,000 if it’s Harris.”
