Bernstein analyst: Bitcoin price could reach new highs if Trump wins US election

Bernstein analysts recently reiterated that if Trump wins the US election next month, the price of Bitcoin is expected to reach a new high of $80,000 to $90,000. Current forecast websites show that Trump's support rate has risen significantly, leading Harris, the Vice President, by 7%. The analyst pointed out that Trump has reshaped himself as a supporter of cryptocurrencies this year and proposed a plan to make the US a "powerhouse" for Bitcoin mining. In contrast, Harris has only recently mentioned cryptocurrencies in her policies, emphasizing the protection of consumers and the promotion of the US's leading position in the blockchain field. Although the analyst believes that Bitcoin's long-term performance is good, its short-term price fluctuations are closely related to the election results. If Trump wins, Bitcoin may surge significantly; if Harris wins, Bitcoin may fall back to around $40,000. (TheBlock)