Bernstein Predicts Bitcoin Price Trajectory Post-US Election

Analysts from Bernstein have reiterated their belief that a Donald Trump victory in the upcoming U.S. presidential election could significantly benefit Bitcoin.

They project that the cryptocurrency might hit record highs, estimating a potential price range of $80,000 to $90,000, fueled by Trump’s favorable outlook on crypto, including his acceptance of digital currency donations and related policy initiatives.

The report, authored by analysts Gautam Chhugani, Mahika Sapra, and Sanskar Chindaliya, suggests that Trump’s election could act as a catalyst for Bitcoin and the wider crypto market. If he wins, Bitcoin could surpass its previous peak of $74,000.

Conversely, they warn that if Vice President Kamala Harris prevails—who has shown less interest in cryptocurrency—Bitcoin’s value might plummet, potentially falling to around $40,000. Despite her recent support for blockchain advancements and consumer protections, Bernstein anticipates an immediate negative market response if she becomes president.

Overall, the analysts believe that Bitcoin’s performance will remain tied to election dynamics, likely becoming more bullish if Trump’s prospects improve, while staying stagnant if the race remains tight as the November 5 election approaches.