Analysts at Bernstein reiterated their prediction that Bitcoin could reach new all-time highs of $80,000 to $90,000 if Donald Trump wins the upcoming U.S. election, citing his pro-crypto stance, including policies to make the U.S. a Bitcoin mining hub and appoint a crypto-friendly SEC chair. Conversely, they expect Bitcoin to drop to the $40,000 range if Vice President Kamala Harris wins, given her more cautious approach to crypto. While Bernstein maintains a positive long-term outlook for Bitcoin, they believe a Trump victory would provide a significant near-term boost to the crypto market. Source: The Block
