A Trump victory in November could see bitcoin surge to an all-time high of $90,000, broker Bernstein said in a research report. A Harris victory, on the other hand, could see it test the $30,000-$40,000 range. Bernstein noted Trump’s vocal support for BTC, wishing to make the U.S. the “bitcoin and crypto capital of the world,” and having mentioned cryptocurrency in every policy speech he has made. “After the last three years of regulatory purge, a positive crypto regulatory policy can spur innovation again and bring the users back to financial products on the blockchain,” analysts led by Gautam Chhugani wrote. “Elections remain hard to call, but if you are long crypto here, you are likely taking a Trump trade,” the report added.
Source: https://www.coindesk.com/markets/2024/09/09/first-mover-americas-bitcoin-reclaims-55k-ahead-of-tuesdays-harris-trump-debate/?utm_medium=referral&utm_source=rss&utm_campaign=headlines