What would happen to $BTC Bitcoin if Trump wins the election?
Analysts at research firm Bernstein, Gautam Chhugani, Mahika Sapra and Sanskar Chindalia, sent a note to their clients on Wednesday where they suggest that the price of Bitcoin could reach new all-time highs if Donald Trump wins the presidential election next month. đ
đșđž According to their analysis, a Trump victory "would be incrementally positive for the Bitcoin and cryptocurrency markets," and they predict that the price could surpass $80,000 to $90,000, breaking its previous record of $74,000. đ
On the other hand, if Kamala Harris prevails, the analysts believe that Bitcoin could see a new low, in the range of $40,000, a level that has not been seen in at least 9 months. đłđž
The reason behind this projection is the perception that a Trump victory could create a more crypto-friendly environment, while a Harris victory could strengthen or intensify current regulations on the market.
So, according to Bernstein, Bitcoin's future could be as tied to the election results as it is to its own price swings. đłïžđ° *The crypto market doesn't stop, let alone in an election year!*
