TechFlow news, November 4 — According to The Block, Bernstein, an investment research firm, has projected in its latest report that bitcoin could reach $200,000 by the end of 2025 regardless of the outcome of the U.S. election. Analysts note that Trump is seen as a pro-crypto candidate, while Harris may continue the Democratic Party's stringent stance over the past four years.
Bernstein analysts expect that if Trump wins, bitcoin could surpass its all-time high before Inauguration Day (January 20, 2025), reaching between $80,000 and $90,000. A Harris victory, on the other hand, might lead bitcoin to fall to around $50,000 during the same period—still higher than the previously forecast range of $30,000 to $40,000.
The report highlights that key drivers for bitcoin include lax U.S. fiscal discipline, record debt levels, and monetary expansion, all of which increase demand for hard assets. The success of U.S. spot bitcoin ETFs has further accelerated this trend.
