BlockBeats news, on October 9, analysts at research and brokerage firm Bernstein reiterated their prediction that if Trump wins the U.S. election next month, the price of Bitcoin may reach an all-time high of $80,000 to $90,000 . Vice President Kamala Harris’ support for the former president is sharply divided since she accepted the Democratic nomination.
Trump has repositioned himself as a pro-cryptocurrency candidate this year, accepting cryptocurrencies as campaign donations and outlining things like turning the U.S. into a Bitcoin mining “powerhouse” and appointing a crypto-friendly U.S. Securities and Exchange Commission. Chairman and policies such as establishing a national strategic Bitcoin reserve.
By contrast, Harris, who until recently had not mentioned cryptocurrencies in any speeches or policy statements, made broader comments last month saying she would encourage crypto businesses while protecting consumers and that the U.S. should be in the zone The blockchain field occupies a “dominant position”, and digital assets are part of her vision of an “opportunity economy”.
While analysts at Bernstein believe that Bitcoin will perform well in the long term regardless of the outcome of the election amid a backdrop of low interest rates, persistent U.S. fiscal deficits, and unprecedentedly high debt levels, the near-term reaction to the election could be significant. .