Bitcoin

Research firm Bernstein predicted Bitcoin’s potential trajectory in light of the upcoming US presidential election. According to a report on Wednesday, Bitcoin has the potential to rise to 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 poll odds have recently risen.Trump’s Pro-Crypto ApproachLooking at the course of this election, Trump has been a pro-cryptocurrency candidate. He has permitted his campaign to <a href="https://cryptotale.org/u-s-govt-bitcoin-holdings-under-scrutiny-after-trumps-strategic-reserve-proposal/" rel="noopener noreferrer nofollow">accept cryptos</a> and provided strategies to make the US the center of Bitcoin mining. Some of the measures he has suggested are the appointment of an SEC Chief who supports Bitcoin and the formation of a national Bitcoin Reserve.Kamala Harris, Trump’s rival and Democratic candidate, only started talking about <a href="https://cryptotale.org/kamala-harris-to-position-the-u-s-as-a-blockchain-leader/" rel="noopener noreferrer nofollow">cryptocurrency</a>. Last month, she said that the U.S. should take leadership in the field of blockchain. Harris, though, <a href="https://www.theblock.co/post/317636/vp-harris-says-shell-encourage-crypto-business-while-protecting-consumers-at-wall-street-fundraiser-bloomberg" rel="noopener noreferrer nofollow">focused</a> on the need to balance consumer rights and the need to regulate the digital asset industry as it continues to grow.Analysts’ Bitcoin PredictionsBernstein’s analysts, led by Gautam Chhugani, Mahika Sapra, and Sanskar Chhugani, highlighted that a Trump victory would positively impact Bitcoin in the short term. They predicted Bitcoin would likely rise to $90,000 as it previously hit $74,000. Yet, if Harris wins, the experts expect a decline in the Bitcoin price, which may fall to the $40,000 level in the short term.<a href="https://cryptotale.org/bitcoin-could-reach-90k-if-trump-wins-u-s-election-report/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin Could Reach $90K if Trump Wins U.S. Election: Report

CryptoTale

Other articles published on Oct 10, 2024

Ripple News: Could Gary Gensler’s Resignation or Removal Lead to a Dismissal of the Ripple-SEC La...

Binance Partners with TOKEN2049 to Elevate Blockchain Innovation in UAE

Binance Introduces Exclusive Pre-Market Trading for Launchpool Tokens

POPCAT Whale Makes $4.84M Profit in One Month After New All-Time High

Crypto.com Takes Legal Action Against SEC Over Wells Notice

Binance's 60th Launchpool Project: What is Scroll?

Join our free newsletter for daily crypto updates!