Bitcoin Could Reach $90K With Trump Victory, To Rise Regardless Of Election Outcome:
Bernstein
Bitcoin will continue its road to the moon regardless of how the presidential elections on Tuesday turn
out, analysts at research and brokerage firm Bernstein said, but they also believe prices will have a
short-term spike if Donald Trump wins.The world's largest cryptocurrency by market value declined in the
lead-up to election day, from nearly hitting its all-time high at over $73,000 to around $68,000 late
Monday.$BTC Can Pump Under TrumpBernstein analysts previously projected that a Trump victory can drive
BTC prices to new all-time highs, particularly between $80,000 and $90,000. They reiterated the same
projection Monday, stating that the said figures are possible in the lead-up to inauguration day.Their
price predictions aren't far from other industry experts who believe that if the Republican presidential
candidate wins this year, Bitcoin can surge up to $100,000. After all, Trump has been much more vocal
about supporting the BTC community than his Democratic foe, Vice President Kamala Harris.What Happens if
Harris Wins?If Harris Wins, Bernstein analysts believe Bitcoin prices will fall back to $50,000 in the
lead-up to the inauguration before making a recovery. Notably, the drop has been adjusted, as Bernstein
previously projected a significant plunge between $30,000 and $40,000 with a Harris victory.Throughout
her campaign, Harris has not mentioned Bitcoin. She did mention digital assets, blockchain technology,
and supporting Black male crypto holders, but she has yet to publicly talk about BTC, the world's first
decentralized crypto asset that became the catalyst for the birth of the burgeoning crypto
sector.Bernstein Sees Inevitable $BTC Spike Regardless of Election ResultsBernstein is quite bullish of
Bitcoin, regardless if a Republican or Democrat wins the presidency Tuesday. They are expecting BTC
prices to hit up to $200,000 by the end of 2025."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 reiterated.Crypto Market Braces for Election ImpactBitcoin and all other
cryptocurrencies are bracing for the potential impact of the U.S. elections – a historical one due to
the assassination attempt on Trump and the Democratic turn of events when outgoing President Joe Biden
stepped out from the race to be replaced by Harris.So far, it appears that some crypto tokens are riding
the wave. Trump-based memecoins surged Sunday, as well as one Harris-themed token.By Monday, things have
switched up somehow, as many tokens, BTC included, dipped slightly as the race heats up hours before the
elections. Most top tokens were in the red to kick off Tuesday on a negative note.