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.

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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.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.