Donald Trump Winning The Election Could Propel Bitcoin To $90K, But A Kamala Harris Win Could Tank BTC To $40K: Bernstein
Portfolio Pulse from Khyathi Dalal
A Bernstein report suggests that the 2024 U.S. presidential election could significantly impact Bitcoin's price. A Trump victory might propel Bitcoin to $80,000-$90,000, while a Harris win could see it drop to $30,000-$40,000. The report highlights the crypto industry's warmer reception from the Trump camp and the challenging regulatory environment.
September 09, 2024 | 5:01 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Bernstein's analysis suggests that Bitcoin's price could reach $80,000-$90,000 with a Trump victory due to his pro-crypto stance, while a Harris win could see it fall to $30,000-$40,000 due to uncertainty in her crypto policies.
The report highlights the potential impact of the 2024 U.S. presidential election on Bitcoin's price. Trump's pro-crypto stance could drive prices up, while Harris's unclear position could lead to a decline. The crypto market is sensitive to political developments, making this analysis highly relevant.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100