Bernstein raises Bitcoin price expectations, Trump's victory could push it to $80,000 to $90,000

2024-11-04 19:19:16
Collection

ChainCatcher news, according to The Block, investment research firm Bernstein's latest report predicts that regardless of the outcome of the U.S. election, the price of Bitcoin is expected to reach $200,000 by the end of 2025. Analysts believe that Trump is viewed as a pro-cryptocurrency candidate, while Harris may continue the Democratic Party's tough stance from the past four years.

Bernstein analysts expect that if Trump wins, the price of Bitcoin could break its all-time high before Inauguration Day (January 20, 2025), reaching between $80,000 and $90,000. In contrast, a Harris victory could lead to Bitcoin dropping to $50,000 during the same period, higher than the previously predicted range of $30,000 to $40,000.

The report points out that the main drivers of Bitcoin include the loosening of U.S. fiscal discipline, record debt levels, and monetary expansion, all of which have increased the demand for hard assets. The success of the U.S. spot Bitcoin ETF has further accelerated this trend.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
ChainCatcher Building the Web3 world with innovators