TechFlow news, according to a latest report from Bernstein, if Donald Trump wins the U.S. election in November this year, Bitcoin (BTC) could reach a new all-time high later this year, potentially climbing to $90,000 in the fourth quarter.
The report noted that Trump has consistently expressed ambitions to make the United States the "capital of Bitcoin and cryptocurrencies," frequently referencing digital assets in his policy speeches.
In contrast, if Kamala Harris wins the election, Bitcoin might fall below the current support level of $50,000 and could test the $30,000–$40,000 range.
Bernstein analyst Gautam Chhugani said that over the past three years, the crypto market has faced two major headwinds: macroeconomic conditions and regulatory pressure. "After three years of regulatory cleanup, positive cryptocurrency regulation could once again stimulate innovation and bring users back to on-chain financial products," he added. "Election outcomes are hard to predict, but if you're bullish on crypto right now, you're likely betting on a Trump victory."
