Bernstein: If Trump is elected, BTC may rise to $90,000 by the end of the year, and if Harris is elected, it may fall below $50,000

According to Mars Finance, Bernstein's latest research report predicts that if Donald Trump wins the US election in November this year, Bitcoin (BTC) is expected to hit a new high later this year and may reach $90,000 in the fourth quarter. The report pointed out that Trump has been actively stating that he wants to make the United States the "capital of Bitcoin and cryptocurrency" and mentions digital assets in every policy speech. In contrast, if Kamala Harris wins the election, Bitcoin may fall below the current support level of $50,000 and may test the range of $30,000 to $40,000. Analyst Gautam Chhugani said that the crypto market has faced two major resistances in the past three years: macro and regulation. "After three years of regulatory cleanup, active crypto regulatory policies can stimulate innovation again and bring users back to financial products on the blockchain." He added, "The election results are difficult to predict, but if you are bullish on cryptocurrencies now, you are probably betting on Trump to win."