{"id":37456,"date":"2024-09-09T11:17:42","date_gmt":"2024-09-09T11:17:42","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bernstein-analysts-predict-bitcoin-surge-to-90k-if-trump-wins\/"},"modified":"2024-09-09T11:17:42","modified_gmt":"2024-09-09T11:17:42","slug":"bernstein-analysts-predict-bitcoin-surge-to-90k-if-trump-wins","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bernstein-analysts-predict-bitcoin-surge-to-90k-if-trump-wins\/","title":{"rendered":"Bernstein analysts predict Bitcoin surge to $90k if Trump wins"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2020\/05\/Donald-Trump-Bitcoin-Final-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2020\/05\/Donald-Trump-Bitcoin-Final-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2020\/05\/Donald-Trump-Bitcoin-Final-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2020\/05\/Donald-Trump-Bitcoin-Final-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Bitcoin could surge to highs of $90k if former US president Donald Trump wins the next election in November, analysts at brokerage and research firm Bernstein predict.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Analysts at the brokerage shared the prediction in a note to clients on September 9.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Bernstein says a \u201cTrump trade\u201d, as they referred to a potential win for the Republican candidate, could see the flagship digital asset\u2019s value reach a new all-time high. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Gautam Chhugani, Sanskar Chindalia and Mahika Sapra shared the prediction in a client note published on Sept. 9. Per the analysts, Bitcoin price could climb to the $80,000-$90,000 level by the end of the year if <a href=\"https:\/\/coinjournal.net\/news\/tag\/donald-trump\/\">Donald Trump<\/a> wins the upcoming election.<\/span><\/p>\n<p><span style=\"font-weight: 400\">But while a second term for the former president would herald a positive momentum for BTC, the opposite is likely should US Vice President Kamala Harris win. If the Democratic candidate surmounts the Republican challenge, her win could provide a negative impact for cryptocurrencies, the analysts noted.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In this case, it\u2019s possible Bitcoin could trade low \u2013 price levels in the $40,000 to $30,000 range being the likely primary support area.\u00a0\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udd38BERNSTEIN: TRUMP IS RE-ELECTED PRESIDENT, BITCOIN MAY REACH $90,000 BY THE END OF THE YEAR<\/p>\n<p>\u2022 Brokerage Bernstein Said In A Research Report On Monday That If Donald Trump Wins The US Election In November, Bitcoin Is Expected To Hit A New High Later This Year, And The\u2026<\/p>\n<p>\u2014 *Walter Bloomberg (@DeItaone) <a href=\"https:\/\/twitter.com\/DeItaone\/status\/1833069326548537802?ref_src=twsrc%5Etfw\">September 9, 2024<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Currently, most polls have Trump ahead of Harris. Traders on decentralized platform Polymarket are also betting on a Trump win, giving him a 52% chance. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, <a href=\"https:\/\/polymarket.com\/event\/presidential-election-winner-2024?tid=1725878653141\" target=\"_blank\" rel=\"noopener\">Polymarket data<\/a> suggests Harris has a 47% chance of snatching victory.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Trump vs. Harris\u2019 crypto approach<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Trump\u2019s more crypto-friendly stance and <a href=\"https:\/\/coinjournal.net\/news\/donald-trump-unveils-plan-to-make-usa-the-crypto-capital-of-the-planet\/\">plans for crypto<\/a> stand out as a key factor. Notably, the former US president\u2019s approach largely contrasts with that associated with the Harris camp. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Although the Harris campaign has initiated moves such as the crypto roundtable meetings, the Democratic presidential nominee has not added her voice to the crypto question in her campaign or policy statements.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Bitcoin price struggles for upside<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Bernstein\u2019s predictions come amid Bitcoin price\u2019s struggles in the $50k-$60k range. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Massive sell-off pressure, regulatory landscape and overall macro environment have all combined to add to a negative sentiment.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, analysts are bullish on crypto in the short term, particularly if Trump wins. This will also feed into the long term picture, which Bernstein has previously predicted could catapult BTC to $200k by end of 2025 and $500k by December 2029.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bernstein-analysts-predict-bitcoin-surge-to-90k-if-trump-wins\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin could surge to highs of $90k if former US president Donald Trump wins the next election in November, analysts at brokerage and research firm Bernstein predict. Analysts at the brokerage shared the prediction in a note to clients on September [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":37457,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/37456"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=37456"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/37456\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/37457"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=37456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=37456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=37456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}