Bernstein: If Trump wins the presidential election, Bitcoin prices could reach $80,000 to $90,000
ChainCatcher news, Bernstein analysts reiterated their prediction that if Donald Trump wins the presidential election next month, the price of Bitcoin could reach $80,000 to $90,000. While analysts expect Bitcoin to perform well in the long term regardless of the outcome, they stated that if Kamala Harris wins, Bitcoin may test the $40,000 range again.This year, Trump has repositioned himself as a candidate supportive of cryptocurrency—accepting cryptocurrency as campaign donations and outlining policies to turn the U.S. into a "powerhouse" for Bitcoin mining, appoint a crypto-friendly SEC chairman, and establish a national strategic Bitcoin reserve. In contrast, Harris only recently mentioned cryptocurrency in any speeches or policy statements; last month she made broader comments stating that she would encourage cryptocurrency businesses while protecting consumers, and that the U.S. should "take the lead" in the blockchain space, with digital assets being part of her "opportunity economy" vision.While Bernstein analysts believe that, in the context of low interest rates, ongoing U.S. fiscal deficits, and unprecedented debt levels, Bitcoin will perform well in the long term regardless of the outcome, the short-term reaction to the election could be substantial.