They knew $70,000: Bernstein's new prediction for Bitcoin!

Bernstein, who predicted that Bitcoin would reach $70,000 in February, made a price prediction for the US elections.

Research and brokerage firm Bernstein evaluated how the crypto market would shape after the US elections. Bernstein analysts predicted that the Bitcoin (BTC) price could reach $200,000 by the end of 2025. Analysts stated that BTC would gain short-term volatility as a result of the US elections.

Bernstein analysts predicted that BTC would reach $70,000 in February. After the analysis in question, the BTC price exceeded $70,000 twice.

Bernstein, who has been appreciated for his successful analyses, touched on the effects of Kamala Harris and Donald Trump on the crypto market.

Bernstein: Bitcoin will be $200,000

Bernstein stated that if Harris wins the election, the Bitcoin (BTC) price could drop to $50,000. Analysts predicted that Trump's election victory would price $BTC between $80,000 and $90,000.

According to Bernstein, Republican candidate Trump is seen as a crypto-friendly figure. On the other hand, Harris stands out as a candidate who can continue the Democrats' tough stance on the crypto market.

Bernstein claimed that Harris would not have as bad a result as expected. According to analysts, although Harris' victory will cause a short-term decline in the crypto market, the bull run will continue in the long term.

Analysts state that the most important factors triggering the price increase of BTC in the long term are the amount of debt that has reached record levels in the US and monetary expansion policies. The positive trend of spot Bitcoin ETFs traded in the US also supports BTC's upward trend.

The report published by Bernstein included the following statements;

“The Bitcoin genie is now out of the bottle and it is difficult to reverse this trend. “Regardless of the election results, our Bitcoin price target for the end of 2025 is $200,000.”

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