A new report released by $725 billion assets manager Bernstein suggests that Bitcoin might reach new heights if Donald Trump The upcoming US Presidential election in 2024 will be won by the cryptocurrency. The firm states that Trump returning to the White House will drive BTC’s price to $90,000.
Trump, in his bid to win reelection has adopted cryptocurrencies more than any candidate before. He said that earlier in the year. Bitcoin This would be an important strategic reserve for his administration. He is also adamant about making America the premier crypto nation in the world.
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BTC could reach new heights with Trump returning to the White House
Only five years ago Donald Trump He took to X, formerly Twitter to ridicule the idea of cryptocurrency. Bitcoin is not a crypto. “not money,” The volatility is high and the value base created by nothing. His campaign is now built around cryptocurrencies. He has also embraced this asset to be a major tenant in his return to the Oval Office.
His new outlook could lead to a massive return for cryptocurrency. Bernstein Asset Management recently reported that Donald Trump winning the elections in 2024 would push Bitcoin towards $80,000 to $90,000 if he wins. This would mean that Bitcoin’s recent all-time record of $73,000, which was set in march this year, could be surpassed by $80,000 or $90,00,000.
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Bernstein notes the potential for the economy to flourish from Trump’s victory. According to a note of research, his return as President would be a boon for the sector. “determine the destiny of the industry.” It is possible to undermine the effect of BTC on BTC. The Democratic nominee, on the other hand, could negatively impact the world’s leading cryptocurrency.
Asset manager says that Kamala Harris’ Bitcoin’s floor could be $50,000 with a victory. If she wins, it is possible that the Bitcoin asset will even reach the $30k level. Harris’ refusal to address crypto at all has led many people to be concerned with what she would do for the asset class.
Since August, the token has been struggling. In the past 30 days it’s fallen by more than 8,7%. CoinMarketCap. With just a 6% decline in the previous week, the industry’s leading stock is now trading at under $55,000.
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Source: watcher.guru
