- If Trump wins the U.S. election in November, bitcoin is expected to hit new highs, the report said.
- Bernstein said a Harris election win could see the crypto fall to as low as $30,000.
- Positive crypto regulatory policy could spur innovation and increase adoption, the report said.
Should Kamala Harris emerge victorious in the election, experts predict that the leading cryptocurrency may surpass its present support at approximately $50,000 and potentially reach a price range between $30,000 and $40,000. This is according to the report.
The broker pointed out that Trump has repeatedly emphasized his goal for America to become a leading hub in bitcoin and cryptocurrency, and he’s consistently brought up digital assets during all his policy addresses.
Trump’s speech at the Bitcoin Nashville conference in July called for the U.S. to be a bitcoin mining powerhouse, for the appointment of a crypto friendly Securities and Exchange Commission (SEC) chairman, the formation of a national strategic bitcoin stockpile and a crypto advisory council to the President.
Conversely, crypto has not even been mentioned in any of Harris’s speeches, the report noted.
For the last three years, Bernstein has pointed out that the cryptocurrency market has encountered two major challenges – macroeconomic issues and regulatory hurdles.
Following nearly three years of a rigorous regulatory crackdown, a favorable cryptocurrency regulatory framework could stimulate innovation once more and encourage users to transition from traditional banking to financial services offered via blockchain technology, according to analysts headed by Gautam Chhugani.
The upcoming elections are difficult to predict, but if you’re invested in cryptocurrencies, your position seems similar to backing President Trump’s economic policies, according to the report.
Read More
- Skull and Bones: Navigating the Quest for Extra Teeth in the Game
- UFO PREDICTION. UFO cryptocurrency
- BONE PREDICTION. BONE cryptocurrency
- The Last Epoch Dilemma: Confronting the Gold Dupe Crisis
- Finding Resources in Palworld: Tips from the Community
- Discovering the Infinite Power: The Abiotic Factor that Could Change Everything
- AAVE PREDICTION. AAVE cryptocurrency
- Uncovering the Mystery of Red King Players in Clash Royale – What Reddit Users Have to Say
- The 10 Best Movies of 2024 (So Far)
- Unveiling the Mystery of Palworld IVs: What Redditors Have to Say
2024-09-09 12:04