Bernstein raises the expected price of Bitcoin, Trump's victory could push it to 80,000 to 90,000 US dollars

According to TheBlock, investment research firm Bernstein's latest report predicts that regardless of the outcome of the U.S. election, Bitcoin prices are expected to reach $200,000 by the end of 2025.

Analysts believe that Trump is seen as a pro-cryptocurrency candidate, while Harris may continue the Democratic Party's tough stance over the past four years. Bernstein analysts predict that if Trump wins, Bitcoin prices could break historical highs before Inauguration Day (January 20, 2025), reaching between $80,000 and $90,000. If Harris wins it could cause Bitcoin to fall to $50,000 during the same period which is higher than previously predicted range of $30-40k.

The report points out that major drivers for Bitcoin include lax fiscal discipline in America; record levels of debt and monetary expansion; these factors have increased demand for hard assets. The success of US spot bitcoin ETFs has further accelerated this trend.