Analysts at Bernstein have projected that Bitcoin’s price could drop to the $30,000-$40,000 range if Vice-President Kamala Harris wins the upcoming U.S. presidential election. In contrast, they forecast a potential surge for Bitcoin if Donald Trump secures victory, predicting that prices could rise to the “$80K-90K range” by the fourth quarter under such a scenario.
The report emphasizes the differing approaches of the two political sides toward cryptocurrency, noting that Trump’s campaign has been more openly supportive of the crypto industry. The analysts highlighted Trump’s vocal advocacy for positioning the U.S. as a global leader in Bitcoin and cryptocurrency, which stands in stark contrast to what they describe as a challenging regulatory environment under the current administration.
A Harris victory, the report suggests, could result in the continuation of stringent regulations that have hindered the growth of the crypto sector in recent years. Bernstein’s analysts noted that the regulatory hurdles have “eroded the trust of the crypto community” and pushed the industry into a more partisan stance.
A Trump victory, however, could lead to a more favorable regulatory climate, fostering innovation and attracting institutional investors back to blockchain-based financial products. The report indicates that the possibility of a pro-crypto administration and a clearer regulatory framework has not yet been fully reflected in the current market.
Bernstein has consistently maintained that a Trump victory would benefit Bitcoin. The firm previously tied the cryptocurrency’s recent price declines to Harris pulling ahead of Trump in election polls, indicating that political developments could play a significant role in Bitcoin’s future performance.
