Bitcoin To Surpass $80K If Trump Wins But Could Tank To $40K In Case Of Harris Victory: Analysts
Portfolio Pulse from Ivan Crnogatić
Bernstein analysts predict Bitcoin could reach $80,000-$90,000 if Trump wins the U.S. presidential election, but could drop to $40,000 if Harris wins. They maintain a positive long-term outlook for Bitcoin, citing low interest rates and fiscal deficits. The prediction market Polymarket shows Trump leading Harris, which could influence Bitcoin's short-term price movements.
October 09, 2024 | 2:38 pm
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Bernstein analysts suggest Bitcoin could reach $80,000-$90,000 if Trump wins the election, but may fall to $40,000 if Harris wins. The prediction market Polymarket shows Trump leading, which could positively impact Bitcoin's price in the short term.
The analysts' prediction is based on the assumption that a Trump victory would be positive for Bitcoin due to his pro-crypto stance. The current lead of Trump on Polymarket suggests a potential short-term positive impact on Bitcoin's price.
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