The post Bernstein Analysts Predict Huge Bitcoin Moves After U.S. Election appeared on BitcoinEthereumNews.com.

Bernstein analysts predict Bitcoin could reach $80,000 to $90,000 if Trump wins the U.S. election. A Harris victory could lead to BTC falling to the $30,000 to $40,000 range, due to regulatory uncertainty. For especially Bitcoin, the forthcoming U.S. presidential election is turning out to be a major event for the crypto market. Recent remarks by Bernstein analysts indicate that the result of the election might cause a notable change in the price of Bitcoin. Should Donald Trump win, they estimate that the value of BTC may surge and land between $80,000 and $90,000. Trump Win Could Push Bitcoin to $90K, Says Bernstein Analysts at Bernstein reiterated their prediction that Bitcoin could reach new all-time highs of $80,000 to $90,000 if Donald Trump wins the upcoming U.S. election, citing his pro-crypto stance, including policies to make the… pic.twitter.com/QZLWgMOpNy — The Wolf Of All Streets (@scottmelker) October 9, 2024 Trump’s Pro-Crypto Policies Could Drive Bitcoin Growth Trump’s positive attitude regarding digital assets grounds this possible growth. Trump has underlined throughout his campaign his goal to make the US a worldwide leader in the crypto industry. Among the several pro-crypto initiatives he has proposed are creating a national Bitcoin mining reserve, assigning a crypto-friendly head to the Securities and Exchange Commission (SEC), and thus promoting a more crypto-friendly legal climate. On the other hand, a Kamala Harris victory might have a reverse impact on the BTC price. The same analysts forecast that Bitcoin may see a significant drop upon Harris’s inauguration, maybe sliding between $30,000 and $40,000. Harris has not made cryptocurrencies a main focus of her campaign, and market uncertainty is resulting. Although her campaign has attracted business executives and shown some interest in encouraging innovation, no specific proposal on cryptocurrency control exists. This lack of clarity has resulted in forecasts…

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Filed under: News - @ October 10, 2024 11:22 am