According to research analysts at Bernstein, the U.S. presidential election could significantly impact the trajectory of Bitcoin, with its potential ascent or decline hinging on the victor's stance toward the crypto industry.

Bernstein's projections outline an optimistic scenario in which Bitcoin could hit between $80,000 and $90,000 by year-end if Donald Trump wins, fueled by pro-crypto policies and a friendlier regulatory environment.

However, a victory for Vice President Kamala Harris presents a different outlook, with Bernstein's forecasts predicting Bitcoin dipping to between $30,000 and $40,000, breaking through the current $50,000 floor due to potential regulatory tightening and less favorable policies toward the cryptocurrency industry.

The crypto market has always been highly sensitive to regulatory developments and broader macroeconomic trends, meaning any potential election impact on Bitcoin could be short-lived or tempered by other forces.

As of now, Bitcoin is trading at $55,150, up 1.31% over the last 24 hours, and the longer-term outlook for the cryptocurrency is tied to a complex web of economic, regulatory, and technological factors beyond just the election outcome.

Source: https://alexablockchain.com/bitcoin-could-hit-90k-if-trump-wins-bernstein-predicts/

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