Bitcoin price may react positively to a Trump victory, reaching $80K to $90K by Q4.

From Investing.com

September 9, 2024 || 06:44:48 AM:

The upcoming U.S. election may impact Bitcoin, with Bernstein analysts labeling it as a “Trump trade.” The firm suggests Trump’s pro-crypto stance could favor Bitcoin’s growth, with promises of appointing a crypto-friendly SEC chair and creating a national Bitcoin stockpile.

Harris’ campaign has largely avoided the topic of crypto, leading Bernstein to believe that a Harris victory could potentially see Bitcoin prices testing the $30K to $40K range. Conversely, under a Trump win, Bitcoin could reach $80K to $90K by Q4, amid hopes of a positive regulatory environment.

Bitcoin has shown resilience, rising 112% over the past year despite challenges. Bernstein believes a Trump victory could spur innovation and institutional participation, while a Harris win may prolong uncertainty, marking a pivotal moment for the cryptocurrency’s future.

Read more at Investing.com: How will Bitcoin price react to the November election outcome? By Investing.com