Bitcoin, which is closely associated with the US presidential election, has seen a decline as Trump’s win rate fell on betting platforms. However, analysts and historical data suggest that BTC will rise regardless of the election results.
Expecting an increase in BTC at this point, Bernstein predicted that Bitcoin would reach $200,000 by the end of 2025.
Bitcoin Will Rise Regardless of the Election!
According to The Block, Bernstein analysts argued that Bitcoin will reach $200,000 by the end of 2025, regardless of the outcome of the November 5 US elections.
However, Bernstein analysts, who offered different price predictions on who would win in the short term, said that Donald Trump is seen as a pro-crypto candidate while Kamala Harris has a hawkish stance on crypto, and this difference could affect the short-term price.
Bernstein analysts led by Gautam Chhugani listed the bullish catalysts for Bitcoin, stating that these include “fiscal indiscipline in the US, record debt levels, and quantitative easing.”
Analysts also noted that they expect the success of the spot Bitcoin ETF to accelerate the upward trend.
“The genie is out of the bottle in Bitcoin and it's hard to reverse this trend.
Our Bitcoin price target for the end of 2025 remains $200,000 regardless of the election result.”
How Will Bitcoin Price Be Affected If Trump or Harris Win?
Analysts have recently argued that Trump’s victory could push Bitcoin to a new ATH, with BTC potentially reaching between $80,000 and $90,000 by the time of the Inauguration on January 20.
In contrast, analysts have noted that if Kamala Harris wins the presidential race, Bitcoin could fall to $50,000 by January 20 before starting to rise.
Bitcoin continues to trade at $68,900 at the time of writing.
*This is not investment advice.