Bernstein Analysts Predict BTC Price Under Trump, Harris; $200,000 For BTC Irrespectively

Share This Post

US Election 2024 Trump and Harris in Tight Race! Will Crypto Reveal the Winner

The post Bernstein Analysts Predict BTC Price Under Trump, Harris; $200,000 For BTC Irrespectively appeared first on Coinpedia Fintech News

Bernstein analysts predict a price target of $200,000 by the end of 2025 regardless of the US election outcome on Tuesday. While Trump is considered a pro-crypto candidate in comparison to Harris’ who might potentially have a hawkish take on crypto like the Democrats, however, the party has shown a significant shift in its stance lately. 

The analysts noted that Bitcoin’s primary drivers are U.S. fiscal indiscipline, record debt levels, and monetary expansion, driving up demand for hard assets, and the success of U.S. spot bitcoin exchange-traded funds further accelerates this trend with enough headroom for growth. 

“The Bitcoin Genie is Out”

“The Bitcoin genie is out of the bottle, and it is hard to reverse this course. Our bitcoin price target for the end of 2025 remains $200,000 independent of the election outcome,” they underscored. 

The analysts claim that victory for either candidate is not priced in. They restated that they expect Bitcoin to break all-time highs of nearly $74,000 and reach $80,000 to $90,000 following a Trump win in the run-up to inauguration day on Jan. 20. 

On the other hand, they expressed that a Harris win could see bitcoin drop to $50,000 over the same period before any recovery, going up from their previously predicted $30,000 to $40,000 range.

BRN analyst Valentin Fournier remarked that the recent market correction largely stemmed from profit-taking and a temporary decline in spot bitcoin ETF flows. However, he remained optimistic about a potential year-end rally, with the possibility of a new all-time high for Bitcoin in the weeks to come. 

Election impact on other crypto sectors

Analysts at Bernstein noted that a constructive SEC would open opportunities for all crypto assets beyond Bitcoin.

The report also touched on aspects like the potential regulatory landscape for other crypto assets, such as Ethereum ETH/USD and Solana SOL/USD, noting that under a Harris administration, Ether may see a more secure position with the approval of its ETF, which could further restrict competition for newly regulated products like a Solana ETF.

It also noted that as the utility of blockchains like Ethereum and Solana leans on favorable regulations for stablecoins, asset tokenization, and crypto classification, therefore Bipartisan support and a crypto-friendly SEC are crucial. 

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin ETFs Hit Record $3.1B Inflows in One Week as BTC Price Aims for $100K

The post Bitcoin ETFs Hit Record $31B Inflows in One Week as BTC Price Aims for $100K appeared first on Coinpedia Fintech News The recent weeks have seen a bullish trend in the crypto market, with

Solana Wallets Caught in a Phishing Signature Attacks

The post Solana Wallets Caught in a Phishing Signature Attacks appeared first on Coinpedia Fintech News The latest fraud incident in the Solana ecosystem is phishing in the form of apparently

Ethereum Price Surge Has Investors Buying New Trending ETH Token And XRP As Price Surpasses $1.5 Mark

The post Ethereum Price Surge Has Investors Buying New Trending ETH Token And XRP As Price Surpasses $15 Mark appeared first on Coinpedia Fintech News Ethereum’s price movements have been

Aptos Price Prediction 2024, 2025, 2030: Is APT A Good Investment For The Upcoming Bull Run?

The post Aptos Price Prediction 2024, 2025, 2030: Is APT A Good Investment For The Upcoming Bull Run appeared first on Coinpedia Fintech News Story Highlights The live price of the Aptos token is APT

Avalanche Price Prediction 2024, 2025 – 2030: Will the Upcoming Recovery Push AVAX Price to $100?

The post Avalanche Price Prediction 2024, 2025 – 2030: Will the Upcoming Recovery Push AVAX Price to $100 appeared first on Coinpedia Fintech News Story Highlights The live price of the AVAX

Helium Price Prediction 2024, 2025–2030: Will HNT Price Reclaim $10 Mark?

The post Helium Price Prediction 2024, 2025–2030: Will HNT Price Reclaim $10 Mark appeared first on Coinpedia Fintech News Story Highlights The live price of the Helium token is HNT price could