According to Odaily Planet Daily, Bernstein said in a research report on Monday that if Donald Trump wins the US election in November, Bitcoin is expected to hit a new high later this year and may reach $90,000 by the fourth quarter.

The report said that if Kamala Harris wins the election, Bitcoin is expected to fall below its current bottom of around $50,000 and may test the $30,000-40,000 range.

The broker noted that Trump has pledged to make the United States the “Bitcoin and cryptocurrency capital of the world” and has mentioned digital assets in every policy speech.