Trump Victory Could Send Bitcoin Soaring to $90,000, Bernstein PredictsAccording to Glodonghui on September 10th, prominent investment firm Bernstein has released a new report predicting the impact of the US presidential election results on the cryptocurrency market. The report states that if Republican presidential candidate Donald Trump wins the US election in November, Bitcoin is expected to hit a new high later this year, potentially reaching $90,000 by the fourth quarter
Trump Victory Could Send Bitcoin Soaring to $90,000, Bernstein Predicts
According to Glodonghui on September 10th, prominent investment firm Bernstein has released a new report predicting the impact of the US presidential election results on the cryptocurrency market. The report states that if Republican presidential candidate Donald Trump wins the US election in November, Bitcoin is expected to hit a new high later this year, potentially reaching $90,000 by the fourth quarter.
The report points out that Trump has consistently emphasized his vision of establishing the US as the world's leading hub for Bitcoin and cryptocurrencies, mentioning crypto assets in every policy address. This policy stance has created high expectations for a Trump victory within the cryptocurrency market.
However, if Democratic candidate Kamala Harris wins the election, the cryptocurrency market might face challenges. The report predicts that, under this scenario, cryptocurrencies would likely fall below $50,000 and potentially test support levels between $30,000 and $40,000.
Bernstein emphasizes that Harris has yet to mention cryptocurrencies in any of her speeches, hinting at a potentially less favorable stance towards them. In contrast, Trump's enthusiasm and policy support for cryptocurrencies make him a significant driving force for the cryptocurrency market.
It is important to note that these predictions represent Bernstein's perspective and are not investment advice. The cryptocurrency market is highly volatile, and investors should exercise caution in their decision-making and bear full responsibility for their investment risks.
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