- Bernstein Analysts' Predictions
- Candidates' Positions on Cryptocurrencies
- Analysts' Concluding Thoughts
Bernstein analysts have shared their predictions for Bitcoin prices depending on the results of the upcoming 2024 US presidential elections. The report mentions the potential impact of the victory of either Donald Trump or Kamala Harris on the cryptocurrency's price levels.
Bernstein Analysts' Predictions
According to Bernstein's report, if Donald Trump wins the 2024 elections, the price of Bitcoin could reach new highs by the end of the year, hitting the $90,000 mark. On the other hand, analysts noted that if Kamala Harris wins, BTC could break its current base level of $50,000 and drop to the $30,000-$40,000 range.
Candidates' Positions on Cryptocurrencies
The reports also highlighted that Trump has been very vocal about making the US the Bitcoin and cryptocurrency capital of the world, mentioning BTC and crypto in every policy speech. Conversely, Kamala Harris has never mentioned cryptocurrencies in any of her speeches.
Analysts' Concluding Thoughts
Analysts emphasize that it is still hard to predict the election outcome, but those who are long on cryptocurrencies might support Trump.
In conclusion, the results of the 2024 US presidential elections could significantly influence Bitcoin’s price and the overall sentiment in the cryptocurrency community. Bernstein analysts' predictions vary based on the election outcome, offering two distinct scenarios for the future of the popular cryptocurrency.
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