Analysts Predict Bitcoin's Future Price in the Context of US Elections

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by Giorgi Kostiuk

2 years ago

Made with AI

  1. Analysts Expect Bitcoin Price Rise
  2. Standard Chartered Forecasts
  3. Bernstein Analysts' Opinion


    4. With only a short time left for the US elections, which are considered critical for Bitcoin and cryptocurrencies, expectations for the BTC price are also increasing.

    Analysts Expect Bitcoin Price Rise

    Although analysts generally believe that Trump's election victory is essential for Bitcoin and cryptocurrencies to rise, some analysts believe that crypto prices will rise regardless of the election.

    Standard Chartered Forecasts

    One of them was Standard Chartered analysts. According to Coindesk, Standard Chartered analysts think that regardless of the US election results, the Bitcoin price could reach a record level by the end of the year.

    The bank stated in the report that they expect Bitcoin to reach new record levels by the end of the year regardless of who wins the elections, and said that if Trump wins, the price of Bitcoin could reach $125,000, and if Harris wins, it could reach $75,000.

    The bank added that regardless of the election results, positive catalysts such as regulatory reform are expected to dominate the cryptocurrency market and be effective in driving the rise. "Progress on easing regulations, particularly the repeal of SAB 121, which imposed strict accounting rules on banks’ digital assets, will continue into 2025 regardless of who is in the White House. We also think current developments in US Treasury markets – breakevens falling short of real yields and a steepening curve where risk-neutral yields are falling while the term premium is fixed – will provide positive momentum for Bitcoin,” said Geoff Kendrick, head of digital asset research at Standard Chartered.

    Bernstein Analysts' Opinion

    Bernstein analysts also recently stated that if Trump wins the election, the BTC price will rise to $90,000, but if Harris wins, the price will drop to between $30,000 and $40,000.

    Analysts' predictions about Bitcoin's price in the context of the US elections vary significantly, but many agree that positive regulatory changes will drive the cryptocurrency market's growth in the coming years.

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