#Bitcoin! 🚀

Bitcoin Could Hit $90,000 If Trump Wins US Election: Report

Research firm Bernstein has predicted Bitcoin's potential trajectory in light of the upcoming US presidential election. According to a report on Wednesday, Bitcoin has the potential to hit new highs of between $80,000 and $90,000 if Donald Trump emerges as the next US president. Bernstein analysts have made this prediction, stating that Trump's odds in the polls have recently increased.

Trump's Pro-Crypto Approach

If we look at the course of this election, Trump has been a pro-crypto candidate. He has allowed his campaign to accept cryptocurrencies and has provided strategies to make the US the hub of Bitcoin mining. Some of the measures he has suggested are the appointment of a pro-Bitcoin SEC chief and the formation of a national Bitcoin reserve.

Trump rival and Democratic candidate Kamala Harris has only just started talking about cryptocurrencies. Last month, she said that the United States should take the lead in the blockchain field. Harris, however, focused on the need to balance consumer rights and the need to regulate the digital asset industry as it continues to grow.

Analysts' Bitcoin Predictions

Bernstein analysts, led by Gautam Chhugani, Mahika Sapra, and Sanskar Chhugani, highlighted that a Trump victory would have a positive impact on Bitcoin in the short term. They predicted that Bitcoin would likely rise to $90,000, as it previously hit $74,000. However, if Harris wins, experts expect a drop in the price of Bitcoin, which could fall to the $40,000 level in the short term. Disclaimer: This does not constitute financial advice! Always invest wisely and consult a financial advisor before making any decisions.