Potential Trump Victory Could Stir Bitcoin Market, Bernstein Analysts Predict — Implications For These Seven Crypto Stocks Outlined
Portfolio Pulse from Aniket Verma
Bernstein analysts predict that a potential Trump victory in the 2024 elections could significantly impact the cryptocurrency market, particularly Bitcoin. They highlight seven key cryptocurrency stocks that could benefit from a positive shift in regulations if Trump is reelected. These stocks include Riot Platforms Inc. (RIOT), CleanSpark Inc. (CLSK), Marathon Digital Holdings Inc. (MARA), Core Scientific Inc. (CORZ), Iris Energy Ltd. (IREN), Robinhood Markets Inc. (HOOD), and MicroStrategy Inc. (MSTR).
July 23, 2024 | 4:03 am
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POSITIVE IMPACT
CleanSpark Inc. may experience growth if Trump wins the 2024 election, due to anticipated positive changes in cryptocurrency regulations.
As a Bitcoin mining consolidator, CleanSpark Inc. stands to benefit from increased institutional investment driven by a more favorable regulatory environment.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Core Scientific Inc. may see growth if Trump is reelected, due to anticipated positive changes in cryptocurrency regulations.
As a hybrid Bitcoin/AI data center, Core Scientific Inc. stands to benefit from increased institutional investment driven by a more favorable regulatory environment.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Robinhood Markets Inc. could benefit from a Trump victory in 2024, with potential positive shifts in cryptocurrency regulations.
As a cryptocurrency broking/exchange platform, Robinhood Markets Inc. stands to benefit from increased institutional investment driven by a more favorable regulatory environment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Iris Energy Ltd. could experience growth if Trump wins the 2024 election, due to anticipated positive changes in cryptocurrency regulations.
As a hybrid Bitcoin/AI data center, Iris Energy Ltd. stands to benefit from increased institutional investment driven by a more favorable regulatory environment.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Marathon Digital Holdings Inc. could benefit from a Trump victory in 2024, with potential positive shifts in cryptocurrency regulations.
Marathon Digital Holdings Inc. is a major player in Bitcoin mining, and a favorable regulatory environment under Trump could lead to increased institutional investment and growth.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
MicroStrategy Inc. could see significant growth if Trump is reelected, due to potential positive shifts in cryptocurrency regulations.
MicroStrategy Inc., with its significant Bitcoin holdings, stands to benefit from increased institutional investment driven by a more favorable regulatory environment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Riot Platforms Inc. could see significant growth if Trump is reelected, due to potential positive shifts in cryptocurrency regulations.
Riot Platforms Inc. is a key player in Bitcoin mining, and a favorable regulatory environment under Trump could lead to increased institutional investment and growth.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80