Trump Victory Could Push Bitcoin to $90,000, While Harris Win Might See It Dip Below $50,000
Trump Victory Could Push Bitcoin to $90,000, While Harris Win Might See It Dip Below $50,000According to a report by Bernstein, published on Financial AI Telegram, Bitcoin is expected to reach a new high later this year, potentially hitting $90,000 by the fourth quarter, if Republican presidential candidate Donald Trump wins the US election in November.The report states that Trump has consistently emphasized establishing the US as the world's Bitcoin and cryptocurrency hub, mentioning crypto assets in each of his policy speeches
Trump Victory Could Push Bitcoin to $90,000, While Harris Win Might See It Dip Below $50,000
According to a report by Bernstein, published on Financial AI Telegram, Bitcoin is expected to reach a new high later this year, potentially hitting $90,000 by the fourth quarter, if Republican presidential candidate Donald Trump wins the US election in November.
The report states that Trump has consistently emphasized establishing the US as the world's Bitcoin and cryptocurrency hub, mentioning crypto assets in each of his policy speeches. Democratic candidate Kamala Harris, on the other hand, has not addressed cryptocurrencies in any of her speeches.
Bernstein believes that if Harris wins the election, cryptocurrencies are expected to fall below $50,000 and could potentially test the $30,000-40,000 range.
The report points out that Trump's positive stance towards cryptocurrencies and his policies supporting the crypto industry would drive Bitcoin prices upward. Harris's silence on cryptocurrencies, on the other hand, could lead to a decline in market confidence in cryptocurrencies, ultimately impacting its price.
It's important to note that this is just a prediction, and Bitcoin prices are influenced by various factors. The actual price trajectory will still depend on market developments.
Tag: Trump Victory Could Push Bitcoin to While Harris Win
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